Berlin, 5 July 2019 – GT Restructuring, the restructuring unit of Greenberg Traurig in Germany, has advised the Berlin-based electric motors manufacturer Menzel Elektromotoren GmbH on the acquisition of a majority stake in the insolvent Franz Wölfer Elektromaschinenfabrik Osnabrück GmbH. The parties have agreed not to disclose the purchase price.
Both companies are medium-sized companies in the field of drive technology. By investing in the Osnabrück-based family business, Menzel is primarily hoping for synergy effects and an expansion of its know-how: Wölfer's low-voltage motors, which are mainly used in hoist technology and the shipbuilding industry, are intended to expand the Menzel Group's portfolio.
Christian Köhler-Ma, GT Restructuring, advised the Menzel Group on all aspects of the investment, including the implementation of the insolvency plan proceedings within the scope of which Menzel acquired the shares. Thanks to the successful takeover, the business operations of Franz Wölfer Elektromaschinenfabrik Osnabrück GmbH can be continued and all 85 jobs can be maintained.
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