Simmons & Simmons advises Deutsche Beteiligungs AG and Klaus Grohmann on the sale of their equity interests in Grohmann Engineering GmbH to Tesla.

Grohmann Engineering is a pacesetter and a world leader in highly automated methods of manufacturing, including for electromobility, and has been owned by Klaus Grohmann (74.9%) and Deutsche Beteiligungs AG (25.1%).

Closing of the acquisition is conditional to the usual closing conditions (including merger clearance approval).

The Simmons & Simmons team was led by Düsseldorf corporate/M&A partner Dr Boris Schilmar who has known Grohmann Engineering for many years and advised them on M&A projects in the past. He was assisted by a Düsseldorf/Frankfurt based team consisting of corporate/M&A counsel Vanessa Nieporte, tax partner Heiko Stoll, tax supervising associate Jochen Beyer, employment partner Verena Braeckeler-Kogel, employment supervising associate Steffen Nguyen-Quang and antitrust supervising associate Dr Martin Gramsch..