CETC relied on the expertise of the Wolf Theiss team under the leadership of Partner Karl Binder to purchase its future corporate headquarters. Wolf Theiss advised not only in the legal due diligence but also in all real estate aspects of the transaction as well as the structuring of the corporation created for CETC’s activities in Europe under corporate law.
"Assisting CETC in this move to Europe was a unique assignment for us," a delighted Binder said about the successful conclusion of the transaction. "Our China Desk’s ability to advise CETC in their native language significantly contributed to this success." The Wolf Theiss team consisted of Elisabeth Strobl (Senior Associate), Jiayan Zhu and Lukas Slameczka (Associates, all Corporate/M&A), as well as Iris Riepan (Associate, Real Estate).
With more than 140,000 employees, CETC ranks among the largest corporations in China. CETC’s partners in the purchase of the site in Graz are Jiangnan Electronics Communication Research Institute from Zhejiang province and the Tianjin Institute of Power Sources. The Styrian capital was selected as its corporate headquarters not only because of its research partnership with the Graz University of Technology but also because of its central location in Europe, among other reasons. The Steinklauber Group is a technology company headquartered in Graz with strong ties to China.