Renzenbrink & Partner advises the publicly listed Swiss Phoenix Mecano Group on the sale of the German PHOENIX MECANO DIGITAL ELEKTRONIK GmbH to the publicly listed Swiss Cicor Group

24 January 2023

Renzenbrink & Partner advised Phoenix Mecano AG, Phoenix Mecano Management AG and IFINA Beteiligungs GmbH (all Phoenix Mecano Group) on the sale of their shareholdings in PHOENIX MECANO DIGITAL ELEKTRONIK GmbH, Germany, and Phoenix Mecano Digital Tunisie S.à r.l., Tunisia, to Cicor Deutschland GmbH and Cicor Technologies Ltd.

The Phoenix Mecano Group is a globally active Swiss technology group with market-leading positions in enclosure systems, industrial components as well as drive and systems technology. The sold subsidiaries produce electronic assemblies for customers in the medical technology and industrial sectors and will operate under the Cicor Group brand in the future. The supply relationships between the Phoenix-Mecano Group and the sold subsidiaries will continue. As a result of the sale, the Phoenix-Mecano Group is focusing the industrial components division on its core business.

The Renzenbrink & Partner team consisted of Dr. Ulf Renzenbrink (Corporate/M&A), Marc Holger Kotyrba (Tax), Dr. Toufic Schilling (Tax), Jonas Hamm (Corporate/M&A) and Eike Werner Rabenberg (Corporate/M&A).