Global law firm Eversheds has advised French industrial outlet manufacturer Marechal Electric on its acquisition of Italian hazardous area products manufacturer Technor Italsmea S.p.A, and its sales organisations Technor Middle-East and Technor Asia Pacific, from Norwegian investment fund HitecVision.

Marechal Electric is the leading French manufacturer of industrial electrical outlets for various applications including energy, heavy industry and construction. Technor Italsmea specialises in explosion-proof electrical equipment which meet the requirements of explosive atmospheres (ATEX).

An Eversheds team, led by Paris partner Antoine Martin and supported by principal associate Mathieu Taupin and associate Benjamin Thorez, advised Marechal Electric throughout the process. The Paris team were joined by Italian colleagues, partner Daniela Murer and associate Gabriele Pignatti Morano, for the closing in Italy.

Antoine said:

“This is an exciting deal for Marechal Electric who have led the electrical connectors market for the past 60 years. The two brands coming together will increase the Group’s product portfolio and strengthen its position as a world leader in its field.”

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