Allen & Overy advised the shareholders of Concept Laser on the disposal of 75% of their shares to General Electric for USD 599 million
27 October 2016
Allen & Overy LLP has advised the shareholders of Concept Laser GmbH on the sale of 75% their shares to General Electric (GE). The transaction is worth USD 599 million. The purchase agreement between the parties was signed yesterday.
Concept Laser GmbH, which was founded in 2000, has more than 200 employees and is headquartered in Lichtenfels, Germany. The company is one of the world's leading providers of technology to support the 3D printing of metal components. The company's customers come from many different sectors, for example medical and dental technology, the aerospace industry, toolmaking and mold construction, the automotive industry and the watch and jewellery industry. The company has operations in the United States (Grapevine, Texas) and China, and a global network of more than 35 distributors and agents.
The Allen & Overy team was jointly led by partners Dr. Helge Schäfer (Corporate/M&A, Hamburg) and Dr. Sven Prüfer (Corporate/M&A, Frankfurt) and also comprised partners Dr. Jens Matthes (IP, Düsseldorf) and Dr. Ellen Braun (Antitrust, Hamburg), senior associate Alexander Wüpper and associate Dr. Martin Thürling (both Corporate/M&A, Frankfurt).
The sellers were also advised by PJT Partners, Lacore and Ernst & Young.