Oracle Solicitors advises a German assets acquisition by a Chinese purchaser
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Our client is a company listed on the Shanghai Stock Exchange, one of the biggest intelligent power distribution solution providers as well as manufacturer of smart meters, transformers, box-type substations, E-Car chargers and photovoltaic inverters.
The Group’s total revenue in 2022 was USD 1.3 billion generated by its business activities in more than 70 countries and regions, among them four manufacturing bases located in China, Brazil, Indonesia and Poland.
Our client is focusing on the assets of a widely known digital meter manufacturer established and based in Germany. The assets provide our client with an ideal foundation and platform for its rapid business growth in the EU market; and the target assets are also reactivated by finance, technology and marketing support of new investors. In addition, more than 50 employees of the target have kept their jobs by the successful closing of the deal.
The China Business Department of Oracle Solicitors based in Frankfurt led advice throughout the deal, including legal due diligence, SPV purchase, APA review and negotiation, closing conditions, closing and post-closing actions.
We would like to congratulate our client for this successful deal and are looking forward to further cooperation and providing more legal advice and services to support its business development in the EU market and beyond.
If you are looking for M&A advice or have questions regarding energy related business practices, please get in touch with our China Business Department and Corporate Energy Team headed by Ning Zhou.
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