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27.03.2018

GSK Stockmann advises Wabtec Corporation on acquisition of the ANNAX Group

SK Stockmann advised Wabtec Corporation on its acquisition of the ANNAX Group, a global leader in the production of mobile and stationary passenger information systems for the passenger railway industry. The parties agreed to confidentiality regarding the purchase price.

GSK Stockmann provided comprehensive advice to Wabtec during this complex cross-border transaction, which required a high degree of counsel on matters of corporate law, IP/IT law and pension law as well as the reorganization of ANNAX Group in various countries in the course of the deal.

The ANNAX GmbH is based in Germany and has subsidiaries and branch offices in Poland, Austria, Switzerland and China. Most recently, it generated an annual sales volume of approx. USD 55 million.

Wabtec Corporation is listed on the New York Stock Exchange and is a leading, globally operating provider of technological products, systems and services for passenger and freight rail transport. The company manufactures various components and parts for locomotives, freight trains and passenger trains as well as new locomotives.


Advisor Wabtec Corporation:
GSK Stockmann: Dr. Thomas Derlin (Lead, Corporate/M&A), Dr. Andreas C. Peters, Dr. Marcel Vietor (all Corporate), Dr. Jörg Kahler (IP/IT), Dr. Philipp Kuhn (Employment), Dr. Philip Huperz, Dr. Christoph Strelczyk (both Real Estate), Dr. Petra Eckl, Dominik Berka (both Tax), Wolfgang Jegodka (Antitrust); Associates: Benedikt Kreuder, Stephanie Löhrius (both Corporate), Dr. Martin Hossenfelder, Luisa Pflug (both IP/IT), Johannes Concato (Real Estate), Matthias Kaiser, Nicole Deparade, Anja Schröder (all Employment)

ZHONG LUN LAW FIRM: et al. Grace Zhao, YI Zou (both Corporate)