Stratulat Albulescu Attorneys at Law acted as co-counsel for Atlas Copco on the acquisition of the Scheugenpflug Group („Scheugenpflug”), one of the leading manufacturers of adhesive bonding, dispensing and potting systems for synthetic resins and thermally conductive pastes.
The parties have agreed not to disclose the purchase price. The acquisition is still subject to regulatory approval and is expected to be completed in the first quarter of 2020.
Scheugenpflug is a leading provider of premium adhesive bonding, dispensing and potting solutions worldwide with exceptional automation expertise. The company’s product and technology portfolio ranges from powerful material preparation and feeding systems to advanced systems for atmospheric and vacuum potting, to modular inline and automated solutions tailored specifically to customer needs. Scheugenpflug dispensing systems are used in the automotive and electronics industries as well as in the telecommunication, medical and chemical industries. Apart from Scheugenpflug’s headquarters in Neustadt/Donau (near Munich), the company currently has subsidiaries in the U.S., China, Mexico and Romania. The company also offers a global sales and service network, ranging from Spain to South Korea. Scheugenpflug employs more than 600 people worldwide and generated sales of around EUR 80 million in 2018.
Founded in 1873, Atlas Copco is a leading international provider of sustainable industrial productivity solutions, with more than 145 years of experience of innovating for sustainable productivity. The Group’s products and services include compressors and vacuum solutions as well as generators, power tools, assembly systems, dispensing and joining solutions and related services. Atlas Copco is headquartered in Stockholm, Sweden, and has customers in more than 180 countries. Manufacturing is mainly concentrated in Belgium, Sweden, Germany, the United States, India and China. Their customers are located all over the world, Atlas Copco Group being a global enterprise with worldwide resources. In 2018, Atlas Copco generated sales of EUR 9 billion with approximately 37,000 employees.
The German law firm Loschelder was the lead legal adviser to the buyer on the deal. Stratulat Albulescu Attorneys at Law advised the buyer on Romanian law matters.