Hengeler Mueller advises SMA Solar Technology AG on alliance with Danfoss A/S

03. March 2014

SMA Solar Technology AG (SMA/FWB: S92) and Danfoss A/S, two leading system technology specialists, have announced a strategic partnership. As part of the alliance, Danfoss acquires 20% of SMA’s outstanding shares.

Danfoss acquires 6.94 million of SMA shares at a price of EUR 43.57 per share from the SMA founders and their trusts. The transaction volume amounts to EUR 302.38 m. After completion of the transaction the freely tradable free float of the SMA share will be at 25.05%. The SMA founders and their trusts will hold 54.95% of the SMA shares after the transaction is completed. The share purchase is subject to regulatory approval. Closing of the acquisition of the shares and the cooperation contract is expected within Q3 2014.

Hengeler Mueller is advising SMA and their trusts on the transaction. The Hengeler Mueller team is led by partner Wolfgang Groß (Corporate) and includes associate Annika Clauss (both Frankfurt).