Noerr advises Chinese investor on acquisition of Merckle's VEM Group

Noerr has advised the Chinese motor manufacturer SEC Holding Co., Ltd., which also owns the publicly traded SEC Electric Machinery Co., on a strategic acquisition on the German market. SEC has acquired the drive technology specialist VEM, a member of the Merckle Group.

The VEM Group specialises in manufacturing electric drive systems, custom motors and special machines. The company, which is active worldwide and has 1,500 employees, had revenue of about €200 million during its most recent business year. In this transaction, the entrepreneurial family Merckle sold the shares in SEC that it had acquired in 1997. The sale includes all current worldwide locations of the electric machine manufacturer.

The investor was advised by a team from Noerr's China desk led by Florian Becker that supervised the transaction, including all international aspects. With its China desk, Noerr is one of the leading law firms in Europe advising on the commercial activities of Chinese companies and investors. One of its recent exceptional transactions is the acquisition of the Broetje Automation Group by the Shanghai Electric Group.

Advisors to SEC Holding Co., Ltd.: Noerr LLP

Dr Florian Becker (Lead, Corporate/M&A), Martin Ahlhaus (Public Law, both Munich), Dr Alexander Jänecke (Real Estate, Frankfurt), Robert Korndörfer (London), Barbara Kusak (Prague, both Corporate/M&A), Dr Michael Reiling (Commerce, Munich), Dr Bärbel Sachs (International Commerce, Berlin), Dr Wolfgang Schelling (Employment, Munich), Professor Sebastian Wündisch (IP, Dresden)

Associates: Theresa Arand (IP, Dresden), Bernd Bäumer (Real Estate, Frankfurt), Anja Böhme (Tax), Silke Fink (IP, both Dresden), Dr Max Helleberg (Regulatory, Berlin), Nikolay Herber (Tax, Munich), Petr Hrncir (Prague), Johannes Pfeiffer (Munich), Martin Tupek (Bratislava, all Corporate/M&A), Dr Stephan Vielmeier (Employment, Hamburg), Jakub Vojtech (Corporate/M&A, Prague), Dr Yifan Zhu (Corporate/M&A, Frankfurt)