Schaeffler AG’s acquisition of electric engine manufacturer Compact Dynamics GmbH

Clifford Chance has advised Schaeffler AG on the acquisition of 51% of the shares of electric motor manufacturer Compact Dynamics from SEMIKRON International.

Schaeffler and SEMIKRON have also agreed to cooperate on the development of power electronics systems and the integration of power electronics components.

Compact Dynamics GmbH, based in Starnberg, Germany, specializes in lightweight electric drive concepts in small volume production and motor sport applications. The two companies have a long-standing relationship – they worked together to develop the electric drive for the Audi ABT Schaeffler Team in the Formula E racing series.

With this acquisition, the Schaeffler Group aims to obtain essential expertise for the development and production of its own automotive electric motors. Schaeffler also intends to integrate SEMIKRON’s power electronics into future alternative drive concepts.

The Clifford Chance team was led by partner Dr. Christof-Ulrich Goldschmidt (picture) and included senior associate Dr. Margret Bootz-Hagen, associate Schirin Drewell, senior transaction Lawyer Carina Soesanto (all Frankfurt), associate David Schwenneker (Munich) – all Corporate, partner Marc Besen (Brussels/Düsseldorf), associate Caroline Slusarek (Düsseldorf, both Antitrust), partner Thorsten Sauerhering and senior associate Dr. Dominik Engl (both Tax, Frankfurt), partner Dr. Claudia Milbradt, senior associate Dr. Florian Reiling, associate Nicolas Hohn-Hein (all IP, Düsseldorf), partner Dr. David Elshorst, associate Jörg Reinshagen (both Real Estate, Frankfurt) and associate Dr. Christopher Fischer (Corporate/Employment, Frankfurt).

Involved fees earner: Christof-Ulrich Goldschmidt – Clifford Chance; Margret Bootz – Clifford Chance; Schirin Drewell – Clifford Chance; Carina Soesanto – Clifford Chance; David Schwenneker – Clifford Chance; Marc Besen – Clifford Chance; Caroline Slusarek – Clifford Chance; Thorsten Sauerhering – Clifford Chance; Dominik Engl – Clifford Chance; Claudia Milbradt – Clifford Chance; Florian Reiling – Clifford Chance; Nicolas Hohn-Hein – Clifford Chance; David Elshorst – Clifford Chance; Jörg Reinshagen – Clifford Chance; Christopher Fischer – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Schaeffler Group;