The focus of the advisory services for the manufacturer of components in power electronics was due diligence in the areas of tax, finance, HR and IT, as well as tax structuring and drafting the purchase agreement for the deal. The deal’s closing is expected in the second half of 2022, following approval by regulatory authorities in various countries.
The joint venture is one of the largest deals in Baker Tilly's recent history and is a flagship project for the teams around the two Baker Tilly partners Uwe Roth, Tax Advisor (development of transaction structure, tax DD, tax structure, purchase agreement drafting) and Nils Klamar, CFA (financial DD, HR and IT DD, drafting of purchase agreement), who were in charge of the engagement.
Managing Partner Oliver Hubertus, Attorney-at-Law/Tax Advisor, Partner Michael Emig, Tax Advisor, as well as Managing Partner Christoph Beigel, Attorney-at-Law/Tax Advisor, were also involved for all tax-related issues. Klamar’s team was completed by Partners Jacob Keyl, Martin Uebelmann, CISA/CIA , Senior Managers Dennis Labbari, CFA, and Stefan Neubauer as well as Managers Nina Senninger, Attorney-at-Law, and David Aberle, and Junior Manager Matus Bonko.
“Such a complex project is not an everyday occurrence, so we are all the more pleased with the successful implementation and are glad to have made a valuable contribution to our clients,” Roth and Klamar said in unison. After the merger, the new company will operate under the name SEMIKRON-Danfoss.
SEMIKRON is one of the world's leading manufacturers of power electronics components and systems in the medium power segment (approx. 2 kW to 10 MW). Founded in 1951 and headquartered in Nuremberg, Germany, the family-owned company today employs more than 3,000 people in 24 subsidiaries worldwide, including production sites in Germany, Brazil, China, France, India, Italy, Slovakia and the USA.
For more information about SEMIKRON please click here.
Danfoss develops solutions to increase machine productivity, reduce emissions and energy consumption, and for electrification. Danfoss technologies are used in refrigeration, air conditioning and heating, in frequency converters and for controlling motors, in industrial machinery, in the automotive sector, as well as in marine and construction and agricultural machinery and commercial vehicles.
For more information about Danfoss please click here.
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