Debevoise advised VINCI Energies in the transaction.
VINCI Energies executed the acquisition of Converse Energy Projects GmbH (Converse) from Schneider Electric GmbH.The move is accompanied by a long-term cooperation and supply agreement with Schneider Electric GmbH. The acquisition is subject to approval by the competition authorities.
VINCI Energies is a subsidiary of VINCI and specializes in energy and information and communication technology services. In 2018, it had revenue of €12.6 billion, with 77,500 employees across 53 countries.
Converse, a Schneider Electric GmbH subsidiary, is specializing in turnkey industrial power distribution projects in Germany. With an annual revenue of about €140 million, Converse has 300 employees at 22 sites across the country.
The Debevoise team advising VINCI Energies was led by international counsel Philipp von Holstand (Picture) included international counsel Klaudius Heda, senior associate Johanna Marniok and associate Jan Schoberwalter. Antitrust advice was provided by senior associate Dr. Andrea Pomana.
Involved fees earner: Klaudius Heda – Debevoise & Plimpton; Johanna Marniok – Debevoise & Plimpton; Andrea Pomana – Debevoise & Plimpton; Jan Schoberwalter – Debevoise & Plimpton; Philipp von Holst – Debevoise & Plimpton;
Law Firms: Debevoise & Plimpton;
Clients: VINCI Energies;