Hengeler Mueller advises GE Aviation on take-over of SLM
06. September 2016
GE Germany Holdings AG, a subsidiary of General Electric Company, acting through its operating unit GE Aviation, announced the signing of a business combination agreement with SLM Solutions Group AG, Lübeck, on September 6, 2016. GE intends to submit to the shareholders a voluntary public takeover offer at a price of EUR 38, which values the company at EUR 683 m. The bidder has signed purchase agreements with shareholders representing 31.5% of the shareholding. SLM Solutions Group AG is a leading producer of laser machines for metal-based additive manufacturing (Selective Laser Melting). In parallel GE announced a tender offer to acquire Arcam AB, Sweden.
Hengeler Mueller advised GE Aviation on this transaction. The Hengeler Mueller team included partners Maximilian Schiessl (M&A/Corporate), Wolfgang Meyer-Sparenberg (M&A/Corporate), Wolfgang Kellenter (IP), Oliver Rieckers, Georg Seyfarth, Christian Wentrup (all Corporate), Dirk Uwer (Regulatory) (all Düsseldorf), Hendrik Bockenheimer (Employment), Matthias Scheifele (Tax) (both Frankfurt) as well as associates Carsten Hohmann, Ute König, Marc S. Wetzig, Daniel Doetsch (all M&A/Corporate), Benedikt Migdal (IP), Philipp Cramer (Regulatory) (all Düsseldorf), Christian Häußer (Employment), Jochen Schnepper (Corporate) (both Frankfurt), Marco Stempin (Corporate, Berlin) and Christoph Jerger (Corporate, München).