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CMS advises Flachglas Wernberg on Pilkington acquisitions

Flachglas Wernberg has acquired Pilkington (Schweiz) Aktiengesellschaft and its subsidiaries Pilkington Glas Wikon, Pilkington Glas Thun and Pilkington Glas Münchenbuchsee.

Flachglas Wernberg has acquired Pilkington (Schweiz) Aktiengesellschaft and its subsidiaries Pilkington Glas Wikon, Pilkington Glas Thun and Pilkington Glas Münchenbuchsee.

The vendor of the companies, which specialise in processing glass for building products, is the NSG Group, which holds a 49 per cent stake in Flachglas Wernberg.

A team of CMS lawyers from Switzerland, Germany and the UK advised Flachglas Wernberg on all aspects of the acquisition of Pilkington (Schweiz) and its subsidiaries. Advising as lead partners were Stefan Brunnschweiler (CMS von Erlach Henrici), Dr Herbert Wiehe (CMS Hasche Sigle) and Martin Mendelssohn (CMS Cameron McKenna).

CMS says the transaction posed a number of interesting legal challenges because it involved the acquisition of a Swiss group of companies by a German company via an agreement governed by English law. The financial aspects were documented in accordance with German law, with international tax law playing a significant role.

"This deal demonstrates once again how essential it is for cross-border transactions to have an established team that works together seamlessly," says Wiehe. "Highly qualified lawyers from multiple countries, jurisdictions and areas of law all brought their expertise to the transaction – and provided an outstanding service to our client from a single source."

Headquartered in Wernberg, Germany, Flachglas Wernberg is a glass processor and specialises in multifunctional glass for buildings and vehicles. Its 650-strong workforce holds 51 per cent of the company’s equity.

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