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GSK Stockmann supports KEBA in acquiring LTI Motion and Heinz Fiege

Supported by GSK Stockmann and WILDMOSER/KOCH & PARTNER, the Austrian automation specialist KEBA merged with the leader in servo drive technology, Germany’s LTI Motion. This take-over makes KEBA a one-stop shop in industrial automation. The parties agreed to keep the purchase price confidential.

The global automation specialist KEBA AG, based in Linz (Austria), is taking over all shares in LTI Motion GmbH as well as in Heinz Fiege GmbH, based in Lahnau and Röllbach (Germany) respectively and previously owned by Körber AG based in Hamburg (Germany). LTI Motion and Heinz Fiege are technological leaders in drive solutions and spindle technologies. This merger reinforces KEBA’s position in the industrial automation sector.

LTI Motion was founded in 1971 and became part of the international technology group Körber AG in 2013. With several locations in Europe and one in China, LTI Motion is one of the specialized providers of drive solutions for high-end customers from the demanding mechanical engineering sectors. Heinz Fiege specializes in application-oriented spindle technologies. KEBA and LTI Motion had already been closely cooperating in automation solutions for quite a few years. Pooling KEBA’s, LTI Motion’s and Heinz Fiege’s know-how, decades of experience and innovative drive offers a unique market opportunity for both companies. There will be techno-logical and sales synergies as well as benefits to the modular product system. With this acquisition, KEBA continues its swift growth course and significantly bolsters its market position in the industrial automation sector. By taking over 1,200 employees, KEBA group’s workforce is going to exceed 1,700.

The deal was signed on November 15, 2018, in Hamburg. For about a month, the closing of the transaction was conditional to the Austrian competition authorities’ approval. Once it was granted on December 18, 2018, the deal was closed on December 20, 2018, in Hamburg.

Advisers of KEBA AG:
GSK Stockmann (due diligence Germany and support in designing the SPA): Dr. Jens Uwe Rügenhagen (corporate law/lead), Dr. Philipp Kuhn (employment law), Dr. Andreas Grammling (corporate law), Anja Schröder (corporate law/employment law), Matthias Kaiser (employment law, all Heidelberg), Christian Kullick (public law, Munich), Dr. Martin Hossenfelder, Luisa Pflug (both IP/IT law, Berlin), Rebecca Comtesse (finance law, Frankfurt), Wolfgang Jegodka (antitrust law, Berlin)

Wildmoser/Koch & Partner (M&A, Austria):
Dr. Gerhard Rothner, Magister Andreas Schorn, Magister Elisabeth Huber, Michael Höllerer, Dr. Moritz Radler, Magister Franz Raffaseder (all Linz)

For the legal due diligence for the LTI subsidiaries in Italy, Switzerland and China, GSK Stockmann cooperated with the international law firms Portolano Cavallo, Ruoss Vögele and Zhong Lun.

Portolano Cavallo (due diligence Italy):
Manuela Cavallo (lead), Daniel Joseph Giuliano, Ginevra Sforza (all Rome)

Ruoss Vögele (due diligence Switzerland):
Dr. Emanuel Schiwow (Zurich)

Zhong Lun (due diligence China):
Rachel Li, Grace Zhao (both Beijing)