SLSS Europe GmbH agreed to acquire MueTec Automatisierte Mikroskopie und Messtechnik GmbH from Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (XTRA:EFF) and Ralph Detert for €25 million on June 19, 2020. Under the terms of the transaction, SLSS Europe GmbH will acquire 92% stake from Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG and 8% stake from Ralph Detert in MueTec Automatisierte Mikroskopie und Messtechnik GmbH. As part of the consideration, SLSS Europe GmbH will pay €25 million in cash including the assumption of €6.8 million in liabilities of MueTec. SLSS Europe GmbH also acquires €2 million debt of MueTec Automatisierte Mikroskopie und Messtechnik GmbH. The agreement provides for the gradual completion of the transaction, with overseas direct investment control approvers initially acquire SLSS up to approximately 24.9 percent to SLSS acquires the clearance certificate from the BMWi remaining 75.1 percent in MueTec. In the year ended December 31, 2019, MueTec Automatisierte Mikroskopie und Messtechnik GmbH reported total assets of €15.1 million, net assets of €7.3 million, revenue of €6.1 million and net profit of €0.62 million. The transaction is subject to approval by the Chinese government in the overseas direct investment control and the issue of a certificate of no objection from Federal Ministry of Economics and Energy. The transaction has been approved in the 17th Meeting of Suzhou TZTEK Technology Co., Ltd.'s 2nd Directorate held on June 19, 2020, and does not need the Shareholders’ Approval. As on September 3, 2020, ODI approval was received. As of December 31, 2020, no clearance was received from Federal Ministry for Economic Affairs and Energy. As on September 3, 2020, Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG completed the transfer of 24.9% stake in MueTec Automatisierte Mikroskopie und Messtechnik GmbH to SLSS Europe GmbH for €6 million. In addition, the SLSS Europe GmbH took over a shareholder loan from DEWB of €2 million. This was the first step implementation. In the first step, DEWB received a total of €7.1 million. A further €0.5 million were deposited in an escrow account for a period of 18 months for any guarantee services. After the BMWi has issued the clearance certificate, the remaining 75.1% of MueTec's shares are to be transferred to TZTEK in a second stage of implementation. The full execution of the contract is expected in the current financial year. Michael Inhester, Nico Fischer, Daniel Wiedmann and Adalbert Makos of P+P Pöllath + Partners acted as legal advisors to Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG.