Noerr has advised the Chinese company Shenyang Blue Silver Group (SBS Group) on a strategic investment in Germany, with the engineering and machinery company expected to acquire 85 per cent of the shares in the Dürr Ecoclean Group at the end of the year.
With annual sales of around EUR200 million, Dürr Ecoclean specialises in surface processing systems for industrial parts.
SBS will acquire the shares via its listed subsidiary Shenyang Blue Silver Industry Automation Equipment Co. The industrial group has sales revenues of EUR200 million and a workforce of 700.
The transaction is still subject to approval by the relevant authorities.
Noerr advised SBS under the lead of Dr Till Kosche.
