ALS Limited (ASX:ALQ) agreed to acquire Wessling Holding Gmbh & Co.Kg on March 25, 2024. In related transaction, ALS Limited acquired York Analytical Laboratories. The total cost of the acquisitions is approximately AUD 225 million and will be funded from existing bank debt facilities.

In year 2023, Wessling had a revenue of AUD 160 million. The transaction is subject to approval from European authorities which is expected to take 45-60 days and will likely be effective from June 2024. ALS has prepared integration plans for employees, clients and stakeholders of both businesses.

Thomas Menke, Fabian Mumme, Johann Wagner, Philipp Niemann, Steffen Krieger, Florian Wieg, Jacob von Andreae, Aylin Hoffs, and Martin Raible of Gleiss Lutz acted as legal advisor to the shareholders of WESSLING Holding.