Hamburg / Shanghai  -  Co. Ltd., a transnational company headquartered in Ningbo/China, has acquired Berkenhoff GmbH of Heuchelheim, Germany. The Chinese conglomerate operates primarily in the nonferrous alloy sector. By acquiring Berkenhoff, a long-established manufacturer of precision wire, Powerway is expanding its global presence in this market.

A team from CMS offices in Hamburg, Shanghai and Frankfurt headed by lead partner Dr Henrik Drinkuth advised Powerway on all legal aspects of the acquisition.

Established 125 years ago, Berkenhoff GmbH has two production sites and currently employs around 440 people. The company generated sales of approximately EUR 95 million last year. Powerway also owns subsidiaries in China and Vietnam. One of the Chinese companies is listed on the Shanghai Stock Exchange. The group employed some 4,600 staff and posted global sales of around EUR 430 million in the last financial year. Angermann M&A International acted as financial advisor to Powerway.

CMS Hasche Sigle
Dr Henrik Drinkuth, Lead Partner
André Nolting
Dr Christoph Schröder
Ning Zhang
Kevin Wang
Jie Lin, all Corporate
Bernd Roock
Dr Daniel Ludwig
Dr Oliver Ramcke, all Employment
Dr Markus Schöner

Christoff Henrik Soltau, both Competition Dr Konrad Walter Dr Johanna Kemper, both Public Law Dr Malte Grützmacher Nico Brunotte, both IP/IT Dr Olaf ThieBen, Tax Dr Felix Muhl, Commercial Marc Riede Dr Dirk HarmutVeldhoff Dr Sebastian Huck Dr Michael M. Klose, all Finance