Allen & Overy advises Engie on the acquisition of Powerlines
06 8月 2019
Allen & Overy has advised French energy group Engie on an agreement to acquire the public transport system electrification specialist Powerlines Group via Engie Ineo, its electrical engineering, information and communications systems services subsidiary.
Powerlines, headquartered in Austria, is a leading independent supplier that designs, installs and maintains electrification systems for railway networks and provides recognised cutting-edge expertise in both urban modes of transport (metros, tramways and buses) and intercity modes (conventional and high-speed lines). With its experience in electrification, the group is also involved in energy transmission infrastructure via high- and medium-voltage transmission lines. Powerlines, which operates mainly on central European markets, is one of the sector’s main players in German-speaking countries, Scandinavia and the United Kingdom.
With this acquisition, Engie is becoming one of the main players in public transport system electrification in the process. The group will be spearheading the mobility market, rolling out both major infrastructure projects (electrification and systems) and cutting-edge digital services, such as on-board mobile connectivity with its subsidiary Icomera, Operation Support and Passenger Information Systems with its Navineo module, and charging station solutions for vehicles and electric buses.
The Allen & Overy team, led by partner Dr Nicolaus Ascherfeld and senior associate Dr Sebastian Remberg (both Corporate/M&A), comprised in Germany the partners Dr Christian Hilmes (Real Estate, all Hamburg) and Dr Jens Matthes (IP, Düsseldorf), counsel Dr Esther Schmidt-Naumann (Litigation, Frankfurt), senior associate Dr Daniel Bolm (Real Estate), the associates Dr Moritz Meister (Corporate/M&A, both Hamburg), Dr Anna Opel (Public law, Frankfurt), Stefan Witte (Corporate/M&A), Katrin Pilgram (Real Estate), Cornelius Holthoefer, Louisa Graubner (both Corporate/M&A, all Hamburg), Anna Kräling and Melissa Baudewig (both IP, both Düsseldorf).
Furthermore, the team included from our Paris office partner Alexandre Ancel (Corporate/M&A) and from our London office partner John Geraghty, associate Josh Little and trainee Oliver Foudah (all Corporate/M&A).
Inhouse advice at Engie was provided by Hans-Eckart Niethammer and Sophie Fremont.
Partners Josef Schmidt and Dr Peter Winkler (Eisenberger & Herzog Rechtsanwalts GmbH) advised on Austrian law.