Düsseldorf/ Munich — Sumitomo Elec­tric Indus­tries, Ltd. has acqui­red the Euro­pean manu­fac­tu­rer of metal powder compon­ents Sinter­werke Herne GmbH (SWH, North Rhine-West­pha­lia, Germany) and Sinter­werke Gren­chen AG (SWG, Canton Solo­thurn, Switz­er­land). ARQIS advi­sed Sumitomo Elec­tric Indus­tries, Ltd. on this transaction.

Sumitomo Electric’s Powder Metall­urgy Divi­sion opera­tes world­wide under the name Sumitomo Elec­tric Sinte­red Alloy Ltd (Head­quar­ters: Taka­ha­shi City, Okayama Prefec­ture; Presi­dent: Toshi­y­uki Kosuge). The divi­sion offers a wide range of products mainly for Japa­nese manu­fac­tu­r­ers of cars, auto­mo­tive compon­ents and air condi­tio­ning systems. Based on the acqui­si­ti­ons it has now made, Sumitomo Elec­tric is looking to expand its sales chan­nels to Euro­pean auto­ma­kers and compo­nent manu­fac­tu­r­ers, and increase the presence of its powder metal products busi­ness in Europe to deve­lop further global busi­ness opportunities.

Advi­sor Sumitomo Elec­tric: ARQIS Rechts­an­wälte (Düsseldorf/Munich)
Eber­hard Hafer­malz, Foto (Lead), Dr. Shigeo Yama­guchi (both Corporate/M&A), Dr. Andrea Panzer-Heemeier (Labor Law), Johan­nes Landry (Restructuring/Corporate), Dr. Ulrich Lien­hard (Real Estate), Marcus Noth­hel­fer (IP & Commer­cial). Ulrich Lien­hard (Real Estate), Marcus Noth­hel­fer (IP & Commer­cial); Coun­sel: Patrick Schöld­gen (Corporate/M&A), Dr. Phil­ipp Maier (IP & Commer­cial); Asso­cia­tes: Dr. Hendrik von Mellen­thin (Labor Law), Jenni­fer Huschauer (Real Estate), Sina Janke (IP & Commercial)

Meyer­Lus­ten­ber­ger Lache­nal (Zurich): Dr. Chris­toph Heiz, LL.M. (M&A)

Held Jagut­tis (Colo­gne): Dr. Malte Jagut­tis, Dr. Simeon Held (regu­la­tory and envi­ron­men­tal law)
RCAA (Frank­furt): Evelyn Niit­vaeli (Anti­trust)