Heuking Kühn Lüer Wojtek advises Premium Equity Partners on acquisition of Antennentechnik ABB Bad Blankenburg
PREMIUM Equity Partners, an SME investment platform established in 2011, entered into a binding agreement on the acquisition of Antennentechnik ABB Bad Blankenburg GmbH, Bad Blankenburg / Thuringia (Antennentechnik ABB). Sellers are the company's long-time private owners. A team led by M&A expert Dr. Stefan Duhnkrack, Partner at the Hamburg office of commercial law firm Heuking Kühn Lüer Wojtek, legally advised PREMIUM Equity Partners on the acquisition. The acquisition price was not disclosed.
The investment platform mainly targets industries such as automotive, machine tools, healthcare, IT and retailing. Together with its broad industry partner network, it commands excellent access to these industries. In Antennentechnik ABB, PREMIUM completes its second transaction after having taken out a majority stake in ACTech Group, the European market leader for rapid prototyping in the automotive industry, in 2012.
Antennentechnik ABB was established in 2003 and has since made a name for itself as technology company for the development, manufacturing and sale of high-performance antenna systems. The company focuses on the automotive and commercial vehicle industries and also provides other digital communications systems, such as for smart metering and parking and payment systems. In addition, the company specializes in designing high frequency cables. At its Bad Blankenburg headquarters, it employs a staff of 67, fifteen percent of which are in R&D.
Counsel to PREMIUM Equity Partners
Heuking Kühn Lüer Wojtek, Hamburg:
Dr. Stefan Duhnkrack (M&A, Lead),
Dr. Hans Henning Hoff (Corporate, Due Diligence),
Dr. Johan-Michel Menke, LL.M. (Employment Law).
