Baker McKenzie advised Siemens Energy on the employment law aspects of the sale of its high-voltage division Trench to the investment company Triton. Trench has sites in Germany, Austria, France, Bulgaria, Italy, China and Canada. The parties agreed not to disclose the purchase price. The transaction is expected to close in the first half of 2024, subject to regulatory approval.
Trench is a specialized supplier of high-voltage grid components, including bushings, instrument transformers and coil products. All products are sold under the HSP and Trench brands. The company employs 2,400 people in Europe, North America and China.
Baker McKenzie advised and continues to advise Siemens Energy on all employment aspects of the transaction.
Baker McKenzie's Corporate/M&A and Employment practices regularly advise on national and international transactions. Most recently, Baker McKenzie advised Leica on the acquisition of Meister Camera, Transcom on the acquisition of timeframe, Sika AG on the acquisition of MBCC Group from Lone Star and sale of MBCC's concrete admixtures business to Cinven, Senwes Ltd. in its acquisition of four agricultural machinery dealers in the former East Germany, AURELIUS in its acquisition of LSG Group from Deutsche Lufthansa AG, Nokian Tyres plc in its sale of its Russian business to Tatneft PJSC, First Solar in its sale of its global O&M business to NovaSource, Fluidra in its acquisition of Meranus Group and Magna in its acquisition of Veoneer...
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