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21.02.2018 | Deal Notifications, Press releases

KPMG Law advises Prinzing Group on the acquisition of Züblin Gebäudetechnik

KPMG Law Rechtsanwaltsgesellschaft mbH advised VP Holding GmbH, which heads the Prinzing Group, on the acquisition of all shares in Züblin Gebäudetechnik GmbH from Züblin Bau GmbH, a subsidiary of Ed. Züblin AG, advised. KPMG Law worked closely with ESWICON GmbH & Co KG Steuerberatungsgesellschaft and KPMG AG Wirtschaftsprüfungsgesellschaft, which provided tax due diligence and tax structuring services.

With around 120 employees, Züblin Gebäudetechnik GmbH (in future: Prinzing Gebäudetechnik GmbH) is one of the largest building services engineering companies in the sector in northern Bavaria. Its core competencies are in the areas of heating and cooling technology, ventilation and air-conditioning technology, sanitary technology, measurement and control technology, and media supply. The Ed. Züblin AG carries out challenging construction projects in Germany and abroad and, with annual sales of over three billion euros, is one of Germany’s leading construction companies in the building construction and civil engineering sectors. It currently employs around 14,000 people.

The Prinzing Group is active in the field of planning and production of complete electrical building technology as well as taking over and carrying out electrical installation work in the heavy and light current sector. Last year, the Prinzing Group generated sales of around 100 million euros and currently employs over 400 people at its sites in Eislingen/Salach, Frankfurt and Aalen. The Prinzing Group operates nationwide and will be able to offer integrated services in the field of building services engineering as a result of the acquisition.

In the context of the transaction, KPMG Law was responsible in particular for conducting the legal due diligence as well as providing legal advice on the drafting and negotiation of the contractual framework underlying the transaction. ESWICON and KPMG AG Wirtschaftsprüfungsgesellschaft were responsible in particular for the tax due diligence and the tax structuring as part of the transaction.

 

Consultant VP Holding GmbH
KPMG Law Rechtsanwaltsgesellschaft mbH
Dr. Daniel Kaut (Partner)
Dr. Christian Hensel (Senior Manager, Lead Partner)
Dr. Nils Peter Brügmann (Manager)
Dr. Cordula Giesecke (Senior Associate)

ESWICON GmbH & Co KG Tax consulting company
Klaus Schäffler (Partner)

KPMG AG Auditing Company
Björn Hannemann (Director)
Thomas Heubach (Manager)

 

Consultant Ed. Züblin AG and Züblin Bau GmbH
CML Construction Services GmbH (service company of STRABAG SE)
Dr. Matthias Kaulich

 

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