Skip to main content

News

Firm News

Mayer Brown advises Dipl.-Ing. Joachim Schuster on the sale of SAE IT-systems GmbH & Co. KG to the Lacroix Group

15 February 2019

Mayer Brown advised Dipl.-Ing. Joachim Schuster on the sale of SAE IT-systems GmbH & Co. KG ("SAE KG") in the course of a structured bidding process.

The buyer is an acquisition vehicle of the listed company Lacroix S.A., an international supplier of technological assets headquartered in Saint-Herblain, France. The transaction has already been completed. The parties have agreed not to disclose any economic conditions.

Founded in 1972, SAE KG is a leading manufacturer of high-performance remote control engineering and station control technology for the electricity, water, gas, district heating and infrastructure sectors with 75 employees at its headquarter in Cologne. In addition to energy supply companies and municipal utilities, the company's customers also include well-known industrial groups and large plant construction companies.

Lacroix S.A. was founded in 1947 and is represented by more than 4,000 employees in 11 countries in Europe and North Africa. The Bedouin Family Trust holds 70% of the shares in Lacroix. With LACROIX City, the Group offers secure, networked devices for the management of intelligent road infrastructures (signage, traffic management, street lighting, V2X), with LACROIX Sofrel devices for the management of water and energy systems.

SAE KG will keep as a distinct entity its own brand and the management team and will now tackle to expand on the relevant strategic markets on the basis of a shared vision as integrated part of Lacroix Group.

Mayer Brown provided comprehensive legal and tax advice on the transaction. Mayer Brown's multiple proven expertise in advising on the sale and acquisition of owner-managed mid-sized companies has enabled a swift and efficient structuring and implementation of the transaction.

The Mayer Brown team included partner Dr. Joachim J. Modlich, senior associate Slaven Kovacevic (both Corporate, Düsseldorf; both lead-management), partner Volker Junge (Tax, Frankfurt am Main) and associate Sabine Krause (Corporate, Düsseldorf).

Related Information

  • Related People
    Dr. Joachim J. Modlich
    T +49 211 86224 222
    Slaven Kovacevic
    T +49 211 86224 140
    Volker Junge
    T +49 69 7941 1591
    Sabine Krause
    Associate
    T +49 211 86224 119
The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.