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7 July 20214 minute read

DLA Piper advises Storskogen on first acquisition in Germany

DLA Piper has advised Storskogen Deutschland GmbH on the acquisition of a majority stake in Roleff GmbH & Co. KG, a company specialised in industrial maintenance services, mechanical steel processing and automation solutions, as part of a succession plan. After carrying out several extensive acquisitions in Sweden over the past nine years, this is the first acquisition for the Storskogen group in Germany, intended to establish a strong presence in the DACH region. Roleff GmbH & Co. KG currently employs around 140 people across two locations in the Stuttgart area.

The DLA Piper team, who supported Storskogen with the market entry in Germany, also advised on the recent acquisition of Artum, a leading Swiss industrial holding company. The advice primarily covered the acquisition of 13 German subsidiaries that are part of the Artum Group.

Commenting on the deal, Managing Director of Storskogen Deutschland GmbH, Lars Nottehed, said: "We are very pleased with the comprehensive and efficient support provided by the DLA Piper team in these transactions and grateful that we were able to rely on the excellent advice of the team in this strategically important entry into the German market for Storskogen."

Storskogen is a privately owned company founded in 2012 with a mission to acquire and operate well-managed and profitable SME companies with leading positions in their respective markets. Currently, the group consists of around 75 business units in the industry, services and trade sectors with over 4000 employees and generates revenues of more than EUR1 billion.

The DLA Piper team was jointly led by counsel Dr Isaschar Nicolaysen, partner Dr Benjamin Parameswaran and senior associate Katharina Minski (all Corporate/M&A, Hamburg). The core team included partners Dr Henriette Norda (Employment, Hamburg), Dr Burkhard Führmeyer (IPT), Semin O (Antitrust, both Frankfurt), Lars Reubekeul (Real Estate), Dr Thilo von Bodungen (IPT, both Munich), Dr Wolfram Distler (Finance, Frankfurt), Dr Gunne Bähr (Lit&Reg, Cologne), counsel Sebastian Kost (Tax, Munich), Miray Kavruk (IPT, Frankfurt), Dr Thilo Streit (Lit&Reg, Cologne), senior associates Friederike Rickers (Corporate/M&A, Hamburg), Raffaella Rusin (Tax), Michael Georg Ziegaus (Real Estate, both Munich), Matthias Goumas (Lit&Reg, Hamburg), associates Svenja Mayer (Lit&Reg, Cologne), Betina Fischer (IPT, Munich), Nina Oldehaver (Employment, Hamburg) and Ilgin Ayhan (Finance, Frankfurt).