Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) is advising ABB Asea Brown Boveri Ltd. (‘ABB’) on the acquisition of the low voltage wiring and accessories business of Siemens in China. The transaction is structured as a mixed share and asset deal and also comprises of a trademark licensing agreement. The consummation of the transaction is subject to customary regulatory approvals.
ABB is a technology leader in electrification and automation. The transaction will broaden ABB’s market reach and complement its regional customer offering with smart buildings. The offering ABB is acquiring includes wiring accessories, smart home systems, smart door locks and further peripheral home automation products, which will continue with the Siemens brand under terms of the licensing agreement.
The Freshfields team is led by Partner Stephanie Hundertmark, Counsel Xiaoguang Cai (both Corporate/M&A, Berlin) and Principal Associates Tobias Dreßler (Corporate/M&A, Hamburg) and Elisabeth Wulf (Carve-out & IP/IT, Hamburg). The team also included:
Partners: Helmut Bergmann (Competition, Berlin), Ninette Dodoo (Competition, Bejing), Norbert Schneider (Tax, Düsseldorf), Klaus-Stefan Hohenstatt (Employment, Hamburg), Philipp Dohnke (Carve-out & IP/IT, Hamburg), Xin Liu (Dispute Resolution/Compliance, Hong Kong)
Counsel: Mariusz Motyka-Mojkowski (Competition, Berlin)
Principal Associates: Thomas Richter (Tax, Düsseldorf), Ludwig Pacher-Theinburg (Competition, Vienna), Hubertus Reinbach (Employment, Hamburg), Katharina Reinhardt (Regulatory, Berlin), River He (Corporate/M&A, Shanghai), Fan Li (Corporate/M&A, Hong Kong)
Associates: Antonius Gehringhoff (Corporate/M&A, Berlin), Severin Pretzel (Employment, Hamburg), Xiaopeng Lai (Competition, Bejing), Yichen Xing (Corporate/M&A, Shanghai), Tiffany Chan (Dispute Resolution/Compliance, Hong Kong)
Inhouse the transaction is advised by Natascia Rubinic (Senior Vice President, Chief Counsel M&A) and Valérie Marchand (Group Vice President, Legal Counsel M&A).
Chinese law advice was provided by RuiMin which is part of Freshfields’ StrongerTogether network of leading domestic law firms.
