MLL advised Lenze Group on the sale of its business unit Mobile Drives

MLL has advised Lenze Group, the specialist for drive and automation solutions, in the selling of the Mobile Drives business segment of its Swiss subsidiary Lenze Schmidhauser, to Bucher Hydraulics, the manufacturers of hydraulic solutions for mobile working applications.

The Mobile Drives business segment develops and sells components for the electrification of auxiliary units in commercial vehicles.

MLL acted as counsel to Lenze Group on all legal and tax aspects of the transaction which was structured as an asset deal. The team was led by Daniel Schoch (partner, corporate and m&a, pictured) and included Simon Holzer (partner, ip), Walter Häberling (partner, real estate), Thomas Nabholz (tax), David Peter (associate, real estate), Sadri Hoti (associate, corporate and m&a) and Fabrizio Wyss (junior associate).