PRESS RELEASE

Munich, 22 June 2020

honert comprehensively advised the shareholders of VIPCO GmbH, Mannheim, on the complete sale to the Swiss rail vehicle manufacturer Stadler Rail.

VIPCO GmbH has been developing state-of-the-art technologies for extreme environmental conditions for 20 years and thus brings many years of expertise and know-how to the Stadler Group. The team of around 50 engineers with locations in Mannheim, Kassel and Halle now forms Stadler’s new competence center for the development of hardware and software components in the fields of vehicle control and automation as well as for communication and diagnostic systems. Another focus will be on the retrofitting of vehicles in order to extend the life cycle and comfort of trains.

Both parties have agreed not to disclose details of the transaction.

Consultants on seller side:

honert (Munich): Prof. Dr. Thomas Grädler (lead partner; corporate law, M&A, tax law), Benedikt Niedermayer (corporate law, M&A)