Dechert LLP advised DEV Systemtechnik GmbH, based in Friedberg, a global supplier of RF transmission equipment solutions. The newly established company continues operations of former DEV Systemtechnik GmbH & Co. KG that had become insolvent. AXING AG, the long-time development partner and supplier of restructured DEV Systemtechnik, takes majority control of the reorganized technology company, and Jörg Schmidt, original founder of DEV Systemtechnik, becomes new managing director and minority shareholder.

Dechert advised DEV Systemtechnik GmbH on the purchase of all business operations and assets of former DEV Systemtechnik GmbH & Co. KG. The transaction team was led by Frankfurt based National Partner Dr. Markus Friedl (C&S).