Lenz & Staehelin advises on the merger of Starrag and Tornos

Starrag and Tornos, the two traditional Swiss precision machine tool manufacturers, both listed at the SIX Swiss Exchange, announced on October 26, 2023 that they entered into a merger agreement. Under the terms of the merger, Tornos will be absorbed by Starrag and the Tornos shares will be exchanged into new listed Starrag shares for which the company will increase its share capital. The combined group will have a worldwide geographical presence and will operate under the name StarragTornos Group. Closing is expected to take place in December 2023, subject to approval of the shareholders’ meetings of both parties.

Lenz & Staehelin is advising Starrag Group Holding and Tornos Holding on their merger. The team is led by partner Matthias Wolf (corporate/M&A, pictured left) and Patrick Schärli (capital markets, pictured right) and includes Rebecca Khan, Nicolas Lehmann, and Jérémie Bongiovanni (all corporate/M&A), Patrick Sattler and Kaan Saritas (capital markets), Franziska Stadtherr, Stephan Brandner and Lukas Aebi (tax), Astrid Waser and Sandro Travaglini (competition and FDI), Matthias Oertle and Anja Affolter (employment), and Cécile Moser (real estate).