Sumitomo Electric’s Acquisition of two Companies of the Sinterwerke Group

ARQIS, MeyerLustenberger Lachenal, Held Jaguttis and RCAA advised on the deal

Sumitomo Electric Industries, Ltd. executed the acquisition of the European manufacturer of powdered metal components Sinterwerke Herne GmbH (SWH, North Rhine-Westphalia, Germany) and Sinterwerke Grenchen AG (SWG, Canton of Solothurn, Switzerland).

The Company’s Powder Metal Products Division operates globally, with Sumitomo Electric Sintered Alloy Ltd. (headquarters: Takahashi City, Okayama Prefecture; President: Toshiyuki Kosuge) as its mother plant. The division provides a wide variety of products primarily for Japanese manufacturers of cars, automotive components and air conditioners. Taking advantage of these acquisitions, the Company will strive to expand its sales channels to cover European automakers and components manufacturers and increase the presence of its powder metal products business in Europe, aiming to obtain further global business opportunities.

ARQIS advised Sumitomo Electric with Eberhard Hafermalz (Picture), Shigeo Yamaguchi (Corporate/M&A), Andrea Panzer-Heemeier (Employment Law), Johannes Landry (Restructuring/Corporate), Ulrich Lienhard, (Real Estate), Marcus Nothelfer (IP & Commercial), Patrick Schöldgen (Corporate/M&A), Philipp Maier (IP & Commercial), Hendrik von Mellenthin (Employment Law), Jennifer Huschauer (Real Estate) and Sina Janke (IP & Commercial)

In Zurich, MeyerLustenberger Lachenal advised Sumitomo Electric with Christoph Heiz.

Held Jaguttis advised Sumitomo Electric with Malte Jaguttis and Simeon Held (Public & Environmental Law/Regulatory)

RCAA advised Sumitomo Electric with Evelyn Niitvaeli (Antitrust).

Involved fees earner: Eberhard Hafermalz – Arqis; Jennifer Huschauer – Arqis; Sina Janke – Arqis; Johannes Landry – Arqis; Ulrich Lienhard – Arqis; Philipp Maier – Arqis; Marcus Nothelfer – Arqis; Andrea Panzer-Heemeier – Arqis; Patrick Schöldgen – Arqis; Hendrik von Mellenthin – Arqis; Shigeo Yamaguchi – Arqis; Simeon Held – Held Jaguttis; Malte Jaguttis – Held Jaguttis; Christoph Heiz – MeyerLustenberger Lachenal; Evelyn Niitvaeli – RCAA;

Law Firms: Arqis; Held Jaguttis; MeyerLustenberger Lachenal; RCAA;

Clients: Sumitomo Electric Industries, Ltd.;