SGSB Group Co Ltd (SGSB) announced that it has, through its Europe-based subsidiary ShangGong (Europe) Holding Corp. GmbH (SGE), acquired a 100% stake in KSL Keilmann Sondermaschinenbau GmbH, KSE GmbH and KSA Verwaltungs GmbH. With the completion of the transaction, SGE will also hold indirectly a 100% stake in KSA GmbH & Co. KG. The parties have agreed not to disclose the purchase price.

The acquisition is part of SGSB’s long-term commitment to the German and European market. In 2005 SGSB acquired Dürkopp Adler, a German high-tech sewing machine manufacturer. Earlier in 2013 SGE acquired Pfaff Industriesysteme und Maschinen AG, another industrial sewing machine manufacturer.

Lawyers Dr. Oliver Kirschner, Qun Huang, Xiaowen Ye, Dr. Simon Werthwein, Dr. Sascha R. Grosjean, Susanne Lüddecke, Marcus Hartmann, Dr. Nikolai Voß, Dr. Anja Disput, Dr. Gregor Staechelin, Dr. Michael Dietrich, Maximilian Zedtwitz von Arnim