On 25 April 2017, Nidec concluded a contract to acquire SECOP-Group with AURELIUS Equity Opportunities SE & Co. KGaA. The purchase price is EUR 185 million. The transaction is subject to regulatory approval; the closing will likely take place in the coming months.
Wolf Theiss advised as local counsel for Austria and Slovakia. Gleiss Lutz served as lead counsel. The Wolf Theiss team in Austria was led by Partner Hartwig Kienast and further included Partner Gabriele Etzl (Real Estate), Associate Lukas Pinegger (Corporate), Counsel Walter Pöschl (Employment), Associate Julia Morscher (Employment), Associate Vilma-Reeta Kivilahti (Banking & Finance), Consultant Wolfram Schachinger (Regulatory), Associate Sandra Spitzer (Regulatory), as well as Partner and Head of the Competition Team Günter Bauer and Associate Nina Lenhard (also Competition). At Wolf Theiss Bratislava, Senior Associate Katarína Bieliková (Banking & Finance), Associate Peter Heriban (Corporate) and Associate Jozef Virčík (Corporate) advised in the transaction.