DLA Piper advises Wise Road Capital on acquisition of Huba Control from Siemens
DLA Piper has advised Wise Road Capital (Wise Road) on its acquisition of Huba Control AG (Huba Control) from Siemens. Subject to the satisfaction of certain agreed closing conditions, Wise Road, through its affiliates, will acquire a 100% interest in Huba Control from Siemens.
Huba Control is a leading company in the global industry of high-end core component manufacturing, headquartered in Switzerland. It develops, manufactures and markets components designed exclusively for the measurement of pressure and flow. With a focus on pressure measurement technology, Huba Control develops innovative products for an extensive range of applications to optimize machine, system and plant processes.
Wise Road is a global private equity firm focused on investing in high-tech companies. It specifically identifies opportunities to advance global urbanization and smart/green life through technology, co-operating closely with leading companies in this space. Through its investments, the firm is striving to build a healthy international eco-system, leveraging its international management team which combines strong industry experience and investment knowledge.
DLA Piper’s Corporate partner Stewart Wang, who led the team advising on the transaction, commented: "This is the third outbound M&A transaction we have advised Wise Road on since the beginning of 2019, which demonstrates Wise Road’s commitment and determination to implement its strategy in the high-end manufacturing space."
The DLA Piper Corporate team was led by partners Qiang Li (LQ) and Stewart Wang, assisted by associates Frank Chen and Yiyuan Zhang (all based in Shanghai). Partner Reking Chen and associate Shuting Zhang (both based in Beijing) advised on the intellectual property aspects of the transaction.