Renzenbrink & Partner advises Thomas Meyer GmbH and the Thomas Meyer Family Foundation on the sale of the TKM Group to Groz-Beckert
18. October 2022Renzenbrink & Partner advised Thomas Meyer GmbH and the Thomas Meyer Family Foundation comprehensively on all legal and tax issues relating to the sale of the TKM Group to Groz-Beckert. The sellers also received tax advice from Michael Wild, Partner at WTS.
The TKM Group is the world’s leading manufacturer of machine knives for the wood, metal and plastics processing industries, among others. Groz-Beckert is the world market leader for industrial machine needles, precision parts and fine tools for the production and joining of textile surfaces.
The acquisition is still subject to approval by the antitrust authorities.
The team at Renzenbrink & Partner consisted of partners Dr. Ulf Renzenbrink (Corporate/M&A), Marc H. Kotyrba (Tax), Christopher Blumenthal (Corporate/M&A) and senior associates Dr. Toufic Schilling (Tax) and Jonas Hamm (Corporate/M&A).