Allen & Overy LLP advised listed IT technology and software provider ISRA VISION AG, based in Darmstadt, Germany, on the strategic takeover of Constance-based GP Solar GmbH and Munich-based GP Inspect GmbH. The transaction has been closed.
 
With the acquisition of the two companies, ISRA VISION AG intends to expand its technological basis in order to continue to open up customer markets for electronics and semi-conductors and simultaneously position the company as one of the world’s leading providers of quality inspection systems in photovoltaic production.

ISRA VISION AG is one of the leading global providers for industrial image processing (machine vision), global market leader for surface inspection systems and leading in the area of 3D machine vision solutions.
 
GP Solar GmbH and GP Inspect GmbH are manufacturers of inspection systems. Before their acquisition by ISRA VISION AG they belonged to the group of centrotherm photovoltaics AG, which is currently being reorganised under self-administration in connection with insolvency proceedings.

The Allen & Overy team comprised partners Dr. Hartmut Krause (lead, corporate/M&A), Dr. Asmus Mihm (tax), Dr. Sven Prüfer (restructuring), Dr. Hans-Peter Löw (E&B general, all Frankfurt), Jürgen Schindler (competition, Hamburg) and Dr. Jens Matthes (IP, Düsseldorf), senior associates Alexander Wüpper (corporate/M&A), Dr. André Zimmermann (E&B general, both Frankfurt) as well as associates Miray Kavruk (IP, Düsseldorf) and Markus Herz (restructuring/Frankfurt).

http://www.allenovery.com/news/en-gb/articles/Pages/Allen--Overy-ber%C3%A4t-ISRA-VISION-AG-beim-Erwerb-der-GP-Solar-GmbH-und-der-GP-Inspect-GmbH.aspx