Schaltag is a leading specialist in the field of mechanical engineering and provides services in the areas of automation, switchgear, instrumentation, machinery and equipment design and cable assembly.
The Czech company with approximately 160 employees is the largest plant in the group. The objective of this strategic acquisition, which was announced on 3 June 2024, is to ensure sustainable growth, further develop the product portfolio and strengthen the Schaltag Group’s customer relationships. Headquartered in Effretikon, Switzerland, Schaltag AG is a leading industrial solutions provider with extensive experience in engineering, purchasing and manufacturing. Many well-known companies from various industries are long-standing customers of Schaltag. The total amount of the transaction was not disclosed.
Kellerhals Carrard was the main advisor in the transaction, while Advant Beiten advised on German law. Legal advice on Czech law during due diligence and the entire transaction was provided by the team of bpv BRAUN PARTNERS led by partner Arthur Braun, M.A. and lawyers Mgr. Markéta Kleinová, Mgr. Jindra Pozniaková, Mgr. Nikola Faltová and associate Mgr. Sabina Škrobánková. Managing partner of bpv BRAUN PARTNERS, Arthur Braun, M.A. said: „It was an interesting transaction that was quickly brought to a successful conclusion.“
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The long prepared and hotly debated law was passed a few days ago by the Lower chamber in its third reading without opposition and will most likely come into force on 1 July 2023.
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