Renzenbrink & Partner has advised IK Investment Partners on the sale of Transnorm to Honeywell International. The purchase price amounts to approximately EUR 425 million. The closing of the transaction is still subject to antitrust clearance. <\/p>\n\n
Transnorm is a global market leader in high-performance conveyor solutions and warehouse automation. It serves global blue chip customers including all major system integrators as well as global parcel and e-commerce companies. Transnorm conveyor solutions are installed at airports worldwide. In addition to its diverse product portfolio, Transnorm also offers spare parts and repair services as well as customer training. Transnorm is headquartered in Harsum, Germany, with additional production and sales locations worldwide. <\/p>\n\n
Renzenbrink & Partner has been advising Transnorm on corporate law issues since 2015, including on the successful add-on acquisition of the Sovex Group in 2015 and on the refinancing of the group in 2017.<\/p>\n\n
The sale of Transnorm is the third successful exit from the IK VII fund.<\/p>\n\n
The Renzenbrink & Partner team advised IK Investment Partners on all legal aspects of the transaction. The team was led by Dr. Ulf Renzenbrink<\/a> and Dr. Andreas Stoll<\/a> (both Corporate\/M&A) and consisted of partners Marc H. Kotyrba<\/a> (Tax) and Dr. Gunnar L. Schm\u00fcser as well as associates Martin Aisenbrey, Casey Reynolds and Dr. Florian Seitz. <\/p>\n","protected":false},"featured_media":1471,"template":"","class_list":["post-1566","deals","type-deals","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n