Gleiss Lutz advises Linde on the sale of TEGA to DCC
Munich — Gleiss Lutz has advised Linde AG in the auction proceedings for the sale of TEGA ‑Technische Gase und Gasetechnik GmbH. The buyer is DCC Germany Holding GmbH, a subsidiary of the Irish company DCC. The transaction is expected to be completed in the first quarter of 2018 following approval by the relevant antitrust authorities. The parties have agreed not to disclose the sales price.
Tega — Technische Gase und Gasetechnik GmbH specializes in the liquid gas and refrigerant business and has five locations throughout Germany. It most recently achieved annual sales of 75 million euros.
Linde achieved sales of €16.948 billion in the 2016 financial year, making it one of the world’s leading gases and engineering companies. With around 60,000 employees, the Group is represented in more than 100 countries.
The internationally active services group DCC is listed on the London Stock Exchange in the FTSE 100. In the past fiscal year, the company generated sales of over 12 billion euros.
Sandra Albrecht (M&A) and Georg Terhorst (antitrust) advised Linde AG on the transaction.
For Linde AG, the following Gleiss Lutzwas-Team active: Dr. Ralf Morshäuser (Lead), Dr. Rainer Loges (both Partner), Dr. Tobias Falkner (Counsel), Moritz Alexander Riesener, Dr. Johannes Wittmann (all Corporate/M&A), Dr. Matthias Werner (Counsel, IP/IT, all Munich), Dr. Philipp Naab (Counsel, Real Estate, Frankfurt), Dr. Johann Wagner (Partner), Dr. Hendrik Marchal (Counsel), Dr. Jens Wrede (all Tax, all Hamburg), Dr. Petra Linsmeier, Dr. Ingo Brinker (both Partners), Kathrin Haag (all Antitrust, all Munich) and Dr. Jacob von Andreae (Partner, Public Law, Düsseldorf).