On September 21, 2016, ABB signed an agreement with NKT Cables for the sale of ABB Group's global high-voltage cable system business with a total enterprise value of EUR 836 m. The transaction is expected to close in the first quarter of 2017.

Homburger advised ABB Asea Brown Boveri Ltd with respect to the Swiss law aspects of the transaction. The Homburger team was led by partner Claude Lambert (Corporate | M&A) and included partner Gregor Bühler (IP | IT), associates Kevin M. Hubacher and Karin Mattle (both Corporate | M&A) as well as Roman Perrig (IP | IT).