KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) and KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG) advised the Munich-based technology group Rohde & Schwarz on its acquisitions of NEOSAT GmbH and PHYTRONIC GmbH.
NEOSAT GmbH, headquartered in Neubiberg near Munich with a development site in Dresden, was founded in 2018 at the University of the German Armed Forces in Munich and develops concepts for multi-antenna satellite systems, satellite-based IoT connectivity, and communications payloads. PHYTRONIC GmbH, founded in Dresden in 2023, specializes in waveform design for aerospace and avionics communication systems and develops solutions for secure communications in aviation, aerospace, and terrestrial sensor technology. Rohde & Schwarz is a globally active provider of solutions for test and measurement, secure communication systems, and radio and communication technologies, headquartered in Munich. With these acquisitions, Rohde & Schwarz is expanding its activities in technologically sophisticated, future-oriented fields of communications and defense technology.
KPMG Law provided comprehensive support for the transactions through a cross-office team, particularly in conducting legal due diligence, structuring the transactions, negotiating the share purchase agreements, and providing support through to the respective closings.
As part of the transactions, KPMG conducted both financial due diligence and tax due diligence and also provided advice on the tax aspects of the two share purchase agreements.
KPMG Law Advisors:
Dr. Daniel Kaut (Partner, Lead), Dr. Robert Müller (Senior Manager), Lucas Kalischko (Senior Associate), Moritz von Drygalski (Associate), all in Corporate/M&A; Tanja Hupert (Manager), Dr. Björn Retter (Associate), both in Export Control and Sanctions Law; Dr. Gerrit Rixen (Partner), Natalia Gorzawski (Senior Associate), both in Antitrust Law; Petra Diekwisch (Senior Manager), Leona Pauly (Senior Associate), both in Labor Law; Leonie Troost-Schönhagen (Senior Manager), Dr. Daniel Taraz (Senior Manager), Sina Schachner (Senior Associate), all in IP, IT, and Data Protection Law; Dr. Barbara Kathrin Buhr (Partner), Dr. Magnus Auer (Senior Manager), Andreas Fuchs (Senior Associate), all in public law, government grants, and public procurement law.
KPMG Consultant:
Tobias Ackert (Partner), Maria Härtel (Senior Manager), both in Tax Due Diligence; Claus Buhmann (Partner), Alexander Simbürger (Director), Ece Hekimoglu Yontucu (Senior Manager), all in Financial Due Diligence.
In-house at Rohde & Schwarz:
Jörg Opelt (Senior Legal Counsel), Theresa Droste (Legal Counsel)
