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

Renzenbrink & Partner advised Phoenix Mecano AG, Phoenix Mecano Management AG and IFINA Beteiligungs GmbH (all three companies of the 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 (both companies of the Cicor Group).

The Phoenix Mecano Group is a globally active Swiss technology group with market-leading positions in the Enclosure Systems, Industrial Components and Drive and Systems Technology divisions. The divested subsidiaries produce electronic assemblies for customers in the medical technology and industrial sectors and will operate under the Cicor Group brand in future. The supply relationships between the Phoenix-Mecano Group and the divested subsidiaries will be continued. As a result of the sale, the Phoenix-Mecano Group is focusing the Industrial Components division even more strongly 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).