Dechert has advised the former owner of DEV Systemtechnik GmbH & Co. KG (DEV) Jörg Schmidt on the sale of his 100 per cent of shares in the company to a subsidiary of US-based Quintech Electronics & Communications Inc. (Quintech), Indiana, Pennsylvania, USA. The transaction includes a vendor loan which is secured by first ranked securities, and an earn-out aspect. The closing took place on 30 September 2013. DEV is located in Friedberg and will be a wholly owned subsidiary of Quintech. Jörg Schmidt will keep his position as managing director. Both firms are suppliers of signal routing equipment.

The Dechert team in this transaction included national partners Dr. Markus J. Friedl (lead), Norbert Fischbach and associate Gottfried Graf von Bassewitz.