Danfoss’s Joint Venture With Semikron

Hengeler Mueller advised Danfoss on the transaction. Accura, Beisse & Rath and Clifford Chance advised SEMIKRON.

Danfoss A/S and Semikron International Dr. Fritz Martin GmbH & Co. KG have entered into a business combination agreement of their respective subsidiaries, Danfoss Silicon Power GmbH and SEMIKRON INTERNATIONAL GmbH, under a newly formed holding company. Danfoss will hold the majority in the holding company.

The joint venture will be globally active in the area of power electronics focusing on semiconductor modules. With an existing workforce of more than 3,500 power electronics specialists, the joint venture will become a leading provider in its sector. Closing of the transaction is subject to customary conditions, including merger control clearance.

The Hengeler Mueller team was led by partner Peter Weyland (Picture – M&A, Frankfurt) and included partners Matthias Scheifele (Tax, Munich), Markus Röhrig (Merger Control, Brussels) and Christian Hoefs (Employment, Frankfurt), counsel Patrick Wilkening (IP/IT) and Anja Balitzki (Merger Control) (both Düsseldorf) as well as associates Laura Rothmann, Guglielmo Ziani, Nicholas Kubesch (all M&A, Frankfurt), Jan Adami (Tax, Frankfurt), Kim Weisser (IP/IT) and Sara Jungewelter (Merger Control) (both Düsseldorf).

The Accura team included Kåre Stolt, Poul Erik Lytken, Kenny Michael Andersen, Amalie Lucca Hass and Emma-Katrine Abildgaard.

The Beisse & Rath team included Stephan Eichmann (lead management), Marc-Sebastian Pohl (both M&A); Associates: Dr. Simone Schubert (M&A), Frauke Engel (employment law), Dominik Baumüller (IT law), Michael Kurek (real estate law).

The Clifford Chance team included Dr. Nicole English (M&A); Associates: Dr. Annika Ascher, Thomas Conradi (both Corporate).

Involved fees earner: Kenny Michael Andersen – Accura; Amalie Lucca Hass – Accura; Poul Erik Lytken – Accura; Kåre Stolt – Accura; Dominik Baumüller – Beisse & Rath ; Stephan Eichmann – Beisse & Rath ; Frauke Engel – Beisse & Rath ; Michael Kurek – Beisse & Rath ; Marc-Sebastian Pohl – Beisse & Rath ; Simone Schubert – Beisse & Rath ; Annika Ascher – Clifford Chance; Thomas Conradi – Clifford Chance; Nicole Englisch – Clifford Chance; Jan Adami – Hengeler Mueller; Anja Balitzki – Hengeler Mueller; Christian Hoefs – Hengeler Mueller; Sara Jungewelter – Hengeler Mueller; Nicholas Kubesch – Hengeler Mueller; Markus Röhrig – Hengeler Mueller; Laura Rothmann – Hengeler Mueller; Matthias Scheifele – Hengeler Mueller; Kim Josefine Weisser – Hengeler Mueller; Peter Weyland – Hengeler Mueller; Patrick Wilkening – Hengeler Mueller; Guglielmo Ziani – Hengeler Mueller;

Law Firms: Accura; Beisse & Rath ; Clifford Chance; Hengeler Mueller;

Clients: Danfoss; Semikron;

Federica Tiefenthaler

Author: Federica Tiefenthaler