Dentons has advised the logistics group China International Marine Containers (Group) Ltd. (CIMC) on the German legal aspects of the sale of a 40% stake in Albert Ziegler GmbH to China Fire Safety Enterprise Group, a Chinese manufacturer of firefighting equipment. The transaction includes a share swap with CIMC acquiring 30% of the shares in China Fire Safety Enterprise Group. The overall transaction is EUR 56 million.

Ziegler is the world’s leading manufacturer of products in the firefighting industry, for example rescue vehicles. The 123 year old Swabian company with its main office in Giengen and operations across Europe and Asia supplies volunteer fire departments and professional fire services, as well as air-ports, industrial clients, and governments worldwide. The parent company CIMC is headquartered in Shenzen, PRC.

Dentons’ corporate partner Christoph Papenheim, who advised CIMC on its acquisition of Ziegler in 2013, led the team, which comprised of antitrust partner Jörg Karenfort and Associate Jan Scharfenberg form our Berlin office and Frankfurt-based corporate counsel Sven-Oliver Friedrich.