DLA Piper has advised the Indian PCM Group on the acquisition of RAIL.ONE GmbH.

PCM Group of Industries is one of India’s leading business conglomerates and is engaged in diverse areas of businesses including engineering, information and communication, manufacturing, service, energy, media, steel, tea and consumer products. PCM Group also has plants and state of the art facilities in the Kingdom of Saudi Arabia, the UAE, Thailand and Bhutan.

RAIL.ONE GmbH is a 118 years old German company and an international conglomerate of concrete railroad sleepers and systems provider for railway track, high-speed lines, urban transit and heavy-duty railroads. Its business spreads over seven countries namely Germany, Romania, Saudi Arabia, Spain, South Korea, Turkey and Hungary.

Announcing this acquisition, Kamal Kumar Mittal, chairman of PCM Group said: "We are excited about this acquisition as it further strengthens our portfolio, expertise and network in railway infrastructure worldwide. This is one of the major acquisitions in the railway sector by an Indian company, making PCM Group one of the world’s largest track systems and service providers. We appreciate the efficient and focused approach of DLA Piper's team of law experts which helped us a lot to accomplish this complex cross-border transaction."

"This transaction once more documents our strong capabilities in successfully assisting Indian clients in their outbound approach to the German and European market. This transaction also fits into the general trend of increasing deal activities between Germany and India, involving clients in both jurisdictions that look for in- and outbound opportunities", added Dr Benjamin Parameswaran, partner and co-head of the India Group in Continental Europe at DLA Piper.

The team of DLA Piper led by partner Dr Benjamin Parameswaran and counsel Dr Isaschar Nicolaysen (both Corporate, Hamburg) included partners Dr Daniel Sharma (Litigation & Regulatory, Brussels) , Dr Jens Kirchner (Employment, Frankfurt), Dr Carsten Loll (Real Estate, Munich), Counsel Dr Annemarie Bloss (Intellectual Property & Technology, Hamburg) as well as associates Sebastian Decker (Corporate, Hamburg), Dr Martin Haller (Real Estate, Munich), Dr Henriette Norda (Employment, Hamburg), Nadine Hesser (Employment, Frankfurt), Dr Torsten Pokropp (Finance, Frankfurt), Guido Kleve (Litigation & Regulatory, Cologne), Silke Hesse (Intellectual Property & Technology, Munich) and Max Wenger (Intellectual Property & Technology, Hamburg).

On the Indian side PCM Group was advised by PDS & Associates (Mumbai, India) led by partner Sajid Mohamed.

Legal advice for the vendors was provided by a team of Hogan Lovells led by partner Dr Jörg Meissner and senior associate Dr Clemens Waitz.

Legal advice for the banks involved on the side of the sellers was provided by a team of Linklaters led by partner Dr Eva Reudelhuber and associate Britta Kügler.

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