With an international team led by Dusseldorf partner Jens Uhlendorf, global law firm Hogan Lovells has advised Covestro AG, one of the world’s leading manufacturers of high-quality plastics and their components, on the sale of its additive manufacturing business to US-Israeli Stratasys Group. The transaction is expected to close in the first quarter of 2023.

Stratasys is a global leader in the transition to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer goods and healthcare.

Covestro’s divested business unit provides material solutions for common polymer 3D printing processes. It includes employees, intellectual property and know-how, research and development facilities, production units and offices in Germany, the Netherlands, the US, China and the UK, as well as access to a large network of partners worldwide.

With the decision to sell the additive manufacturing business, Covestro continues to consistently optimize its portfolio to position itself even more efficiently and to be able to focus even more strongly on the extensive range of products for customers in its main customer industries.

Hogan Lovells advised Covestro on all legal aspects of the transaction.

Hogan Lovells Team for Covestro AG

Dusseldorf

Jens Uhlendorf (Partner), Dr Sabine Ernst (Counsel), Dr Tobias Böckmann (Counsel), Sophie Ulrich (Senior Associate), Isabel Gläser, Dr Niclas Höhle, Varinia Kessler (Associates) (all Corporate/ M&A);

Dr Marcus Schreibauer (Partner), Sarah-Lena Kreutzmann (Counsel), Michael Thiesen (Associate) (all Intellectual Property/ IT/ Data Protection);

Stefan Richter (Counsel, Employment);

Dr Heiko Gemmel (Partner), Vanessa Rinus (Associate) (both Tax);

Dr Martin Sura (Partner), Jan Philipp Sparenberg (Senior Associate) (both Antitrust);

Sebastian Faust (Counsel), Philipp Reckers (Associate) (both Foreign Trade Law);

Amsterdam

Anita de Jong (Partner), Maria Benbrahim (Counsel), Mariëtte Vis (Counsel), Imane Azdad, Daan Koenrades (Associates) (all Employment);

Dylan Goedegebuure (Counsel, Business Restructuring);

Danielle du Bois-Buné (Partner), Bastiaan van Rath (Senior Associate), Georgi Yavorov Boyadzhiev, Jennifer Aveling (Associates) (all M&A);

Washington D.C.

Elizabeth Donley (Partner, M&A);

Jon Talotta (Partner), Samuel Yergin (Associate) (both Employment);

New York

Richard Aftanas (Partner), David Wallace (Senior Associate) (both Corporate/ Finance);

Beijing

Lu Zhou (Partner), Mo Chen (Senior Associate), Xu Xu (Associate) (all M&A);

Tokyo

Jacky Scanlan-Dyas (Partner), Wataru Kamoto (Partner), Jordan Bird (Senior Associate), Reina Goto (Associate) (all M&A);

London

Penny Powell (Partner), Bea Watts (Associate) (both Strategic Operations, Agreement and Regulations);

Ed Bowyer (Partner), Linda Ruan (Associate, Employment).