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Press Release

Field Fisher Waterhouse advises Sanhua on take-over of Aweco refrigerator components unit

14/10/2011

Locations

Germany

Fieldfisher advises Sanhua on take-over of Aweco refrigerator components unit

Hamburg, 14 October 2011 – Fieldfisher has acted as adviser to Sanhua Co Ltd on the acquisition of the refrigerator components unit of Aweco Applicance Systems GmbH & Co. KG.

Sanhua Co Ltd is controlled by Chinese conglomerate Sanhua Holding Group and has   more than 6500 employees. The company specialises in research, manufacture and sales of refrigeration and air-conditioning control components and has been stock-listed in China since 2009. Sanhua runs offices and subsidiaries in China, Korea, Thailand, Japan, the USA and Spain. The take-over of the refrigerator business of Aweco marks the company’s first engagement in Germany.

Aweco Appliance Systems is a leading supplier for the white goods industry. Founded in 1960, the company has around 2000 staff has its headquarters in the Southern German Neukirch and subsidiaries in Austria, Poland, Mexico and China.

A team from the Hamburg Fieldfisher office led by corporate partner Dr. Florian Streiber advised Sanhua in all aspects of German law, especially with regards to due diligence, contract matters and the transfer of all assets.

Advisers to Sanhua Europe:
Field Fisher Waterhouse LLP, Hamburg / Munich: Dr. Florian Streiber (Corporate/M&A, Hamburg), Dr. Thomas Adam (patent law, Munich), Dr. Alexandra von Bismarck (trade marks, Hamburg); Associates: Julia Meyer, Friederike Pavese, Marc Grunwald, Swen Schöne
Advice on Chinese law: In-house

Contact:
Fieldfisher Deutschland LLP
Dr. Florian Streiber
florian.streiber@Fieldfisher.de
T +49 (0)40 87 88 69 8 0

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