DLA Piper advised DAX company Heidelberg Materials on the acquisition of SER Group
DLA Piper advised Heidelberg Materials on the acquisition of SER Group, a leading integrated company in the demolition and construction materials recycling business in Greater Heilbronn. The purchase agreement was signed on February 1, 2023. The transaction is subject to merger clearance; closing is anticipated to be in the first half of 2023.
With this acquisition, the globally active building materials group Heidelberg Materials, which is listed in the leading German index DAX, further expands its activities in the field of recycling management in Germany; the reuse of building materials and concrete recycling are part of Heidelberg Materials' sustainability strategy and crucial to achieve the company's ambitious climate targets.
With more than 220 employees at three modern recycling sites, SER Group generates annual sales of around EUR 50 million.
The DLA Piper team was led by partner Dr Benjamin Parameswaran (Hamburg) and counsel Dr Christoph Dachner (Munich; both Corporate/M&A). The team also included counsels Sonja Beier (Real Estate, Frankfurt), Dr Mirjam Rüve (Corporate/M&A, Hamburg), Dr Raimund Behnes (Tax, Frankfurt), Dr Susanne Weckbach (Commercial, Munich), Dr Thilo Streit (Public Commercial Law, Cologne), senior associates Patrick Reuter (Finance), Eike Bodo Matthes (IPT) as well as associates Tilman Cöster-Gumpert (Real Estate, all Frankfurt), Marc Großmann (Corporate M&A, Hamburg), Sindy Martin (Finance, Frankfurt), David Schele, Philipp Schmechel (both Data Protection, Hamburg) and Dr Pia Dorn (Public Commercial Law, Cologne).
The Heidelberg Materials in-house legal team for this M&A transaction was led by Senior Legal Counsel Dr Inken Linder.