Zhejiang Jiecang Linear Motion Technology Co., Ltd. entered into an agreement to acquire Logicdata Electronic & Software Entwicklungs Gmbh for €80 million.
May 27, 2021
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Zhejiang Jiecang Linear Motion Technology Co., Ltd. (SHSE:603583) entered into an agreement to acquire Logicdata Electronic & Software Entwicklungs Gmbh for €80 million on May 28, 2021. The transaction is subject to regulatory approvals. The transaction is expected close within the next 3-6 weeks. Rainer Kaspar, Nicolaus Mels-Colloredo, Wolfram Huber, Leopold Opferkuch, Daniela Olbrich, Veronika Böhm and Johannes Metzler of PHH Prochaska Havranek Rechtsanwälte GmbH acted as a legal advisor to Logicdata. Christian Temmel, Valerie Kramer, Christian Knauder, Sabine Fehringer, Veronika Appl, Stefan Panic, Oskar Winkler, Thomas Stiglbauer, Alexander Schultmeyer, Claudine Vartian, Nicole Daniel, Stephan Nitzl, Martina Peric, Andreas Daxberger, Christian Lielacher, Miroslav Dubovsky, Dan Li, Matt Leivo, Laura Marcelli, Katherine Chew, Stewart Wang, Heng Loong Cheong, Anne Lochmann and Astrid Paller of Dla Piper Weiss-Tessbach Rechtsanwã Lte GmbH, DLA Piper Prague LLP, DLA Piper Germany, DLA Piper LLP (US), DLA Piper UK LLP, DLA Piper Singapore Pte. Ltd., DLA Piper, DLA Piper Hong Kong Services Limited acted as a legal advisor and David Wright and Francis Wright of Turquoise International Limited acted as a financial advisor to Zhejiang Jiecang Linear Motion Technology.
Zhejiang Jiecang Linear Motion Technology Co., Ltd. is a China-based company mainly engaged in the research, development, manufacture and distribution of linear drive control systems. The Companyâs products mainly consist of linear actuators, controllers, lift tables, and related accessories. The Companyâ products are used for medical equipment, intelligent home furnishing, industrial control and others.
Zhejiang Jiecang Linear Motion Technology Co., Ltd. entered into an agreement to acquire Logicdata Electronic & Software Entwicklungs Gmbh for €80 million.