Renzenbrink & Partner advises SAT Sterling Group on the acquisition of its Italian competitor N.K.E.
16. June 2017SAT Holding GmbH, the parent company of SAT Anlagentechnik GmbH based in Dägeling near Hamburg, has acquired all shares in its Italian competitor N.K.E. Automation S.r.l..
The SAT Sterling Group, with its subsidiaries in Shanghai (China) and Atlanta (USA) and a cooperation partner in Port Elizabeth (South Africa), is one of the leading international suppliers of filling and testing systems in the automotive industry. The SAT Sterling Group employs around 110 people worldwide. Its customers include BMW, Audi, Volkswagen, Porsche, Opel and Ford.
N.K.E. Automation S.r.l., a family-run company with headquarters in Alpignano near Turin (Italy) and a subsidiary in Porto Alegre (Brazil), has been active in the fields of filling, gluing and punching technology for over four decades. Its customers include Fiat, Ferrari, Maserati and Alfa Romeo.
With this acquisition, the SAT Sterling Group is further expanding its position in international competition. In future, the Group’s operating companies will be managed under the Sterling brand.
The SAT Sterling Group was comprehensively advised by Renzenbrink & Partner on the transaction.
The Renzenbrink & Partner team consisted of partners Dr. Andreas Stoll (Corporate/M&A) and Marc H. Kotyrba (Tax).
Renzenbrink & Partner worked with EY/Studio Legale Tributario on Italian law and with the law firm Vella Pugliese Buosi Guidoni on Brazilian law.