Dürr Aktiengesellschaft (XTRA:DUE) entered into a purchase contract to acquire 75% stake in teamtechnik Maschinen und Anlagen GmbH from the Roßkopf Family on December 16, 2020. Stefan Roßkopf, the Chief Executive Officer and a member of the founding family will retain 25% of the shares in Teamtechnik. Teamtechnik is to grow profitably within the Dürr Group and will form part of the Paint and Final Assembly Systems division and will be managed as a separate business unit. Teamtechnik generated sales of around €155 million in 2019. Stefan Roßkopf will be heading Teamtechnik's activities within the Dürr Group. The transaction is subject to anti-trust clearance and is expected to be closed in February 2021. The acquisition will not have any impact on the Dürr Group's figures and forecast for 2020. The Dürr Group expects Teamtechnik to generate sales of around €120 million in 2021, accompanied by EBIT that is in slightly negative territory; and sales of around €200 million and an EBIT margin of roughly 9% are being targeted for 2024. Earnings are to be boosted by leveraging synergistic effects in sales, purchasing, order execution, service and digitalization. Thomas Meyding, Tobias Grau, Barbara Wössner , Heinz Joachim Kummer, Harald Kahlenberg, Peter Giese, Martin Mohr, Gerald Gräfe, Peter Ruby and Andreas Gruner of CMS Germany acted as legal advisors to Dürr Aktiengesellschaft (XTRA:DUE). Rainer Loges, Markus Braun, Julius Scheifele, Olaf Hohlefelder, Moritz Lochmann, Johann Wagner, Hendrik Marchal, Helge Kortz, Thomas Kulzer, Jana Pinto Escaleira, Iris Benedikt-Buckenleib, Jens Günther, Matthias Böglmüller, Matthias Werner, Jacob von Andreae and Aylin Hoffs of Gleiss Lutz acted as legal advisors to shareholders of teamtechnik Maschinen und Anlagen GmbH.