Noerr has advised the Chinese motor manufacturer SEC Holding Co, Ltd, which also owns the publicly traded SEC Electric Machinery Co, on a strategic acquisition of drive technology specialist VEM, a member of the Merckle Group.
The VEM Group specialises in manufacturing electric drive systems, custom motors and special machines. The company, which is active worldwide and has 1,500 employees, had revenue of about EUR200 million during its most recent business year. In this transaction, the entrepreneurial family Merckle sold the shares in SEC that it had acquired in 1997. The sale includes all current worldwide locations of the electric machine manufacturer.
The investor was advised by a team from Noerr’s China desk led by Florian Becker that supervised the transaction, including all international aspects. With its China desk, Noerr is one of the leading law firms in Europe advising on the commercial activities of Chinese companies and investors. One of its recent exceptional transactions is the acquisition of the Broetje Automation Group by the Shanghai Electric Group.
