Krones AG (XTRA:KRN) agreed to acquire Netstal-Maschinen AG from KraussMaffei Technologies GmbH for approximately ?170 million on January 29, 2024. On February 6, 2024, Krones signed an agreement to acquire Netstal-Maschinen. Krones finances the purchase with existing liquid funds, but also may take advantage of partial debt financing. In the 2023 fiscal year, Netstal generated a revenue of more than ?200 million. The final signing of the transaction is scheduled for beginning of February 2024. The transaction is subject to approval under the relevant antitrust legislation. Krones expects the transaction to be completed within the first half of 2024.

Martin Kolbinger of SZA Schilling, Zutt & Anschütz acted as legal advisor on the German legal aspects of the transaction, and Simone Ehrsam, Tino Gaberthüel, Arnold Romero, Till Haechler, Ananda Lee, Astrid Waser, Sandro Travaglini, abiano Menghini, Noémie Ammann, Helin Dalla Palma, Leo Rusterholz and David Hitz of Lenz & Staehelin acted as legal adviser on the Swiss legal aspect to Krones AG.

Krones AG (XTRA:KRN) completed the acquisition of Netstal-Maschinen AG from KraussMaffei Technologies GmbH on March 28, 2024.