McDermott Advises on the Sale of micro-precision tools company Hobe to Indutrade
Munich, January 11, 2023 – McDermott Will & Emery has advised the shareholders of Hobe Tools Holding GmbH, FTSA Beteiligungs GmbH, INTEGRA Treuhandgesellschaft mbH Steuerberatungsgesellschaft, AURELIUS Growth Investments S.à r.l. and Hobe Managing Director Dr Jens-Jörg Eßer, on the sale of all shares in Hobe to Indutrade Switzerland AG. The transaction took place by ways of a competitive bidding process.
Hobe is a niche manufacturer of micro-precision tools founded in 1971 and headquartered in Baienfurt, Germany. Main customers of Hobe are companies in the medical technology, mechanical engineering, electronics, construction and metrology sectors.
Founded in 1978, Indutrade is an international technology and industrial group with more than 200 affiliated companies in around 30 countries today. Indutrade generated sales of SEK 21.7 billion in 2021 and is listed on Nasdaq Stockholm.
Hobe will be incorporated into Indutrade’s DACH business area.
The McDermott team was led by partner Nikolaus von Jacobs and comprised counsel Germar Enders, partners Philipp Schäuble and Nina Siewert, counsel Marcus Fischer as well as associates Fabian Appadoo, Robert Feind, Sebastian Gerstner, Benjamin Maciejewski and Matthias Weingut.
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