Hall & Wilcox has advised German-headquartered company Putzmeister on its acquisition of 100% of the share capital of Australian-based CPE Machinery Pty Ltd.
Putzmeister is a globally operating manufacturer of high-quality concrete pumps and other equipment for pumping, distributing and placing concrete, mortar and other high-density solids. Its machines have been used in a range of construction and mining projects, such as in the building of the Burj Khalifa in Dubai or the metro tunnels in Lisbon, Portugal. Putzmeister is part of the Chinese-owned Sany Group.
CPE Machinery is an Australian-based company operating in concrete pumping, construction, tunnelling and mining.
Through the combination of the two businesses, Putzmeister will be able to better service the Australian market and use the acquired business to grow in adjacent sectors.
Other team members included: Partners Frank Hinoporos and Jim Koutsokostas (tax); Partner Emily Kyriacou and Senior Associate Natalie Pecenicic (property); Partner Philip Hopley (insurance) and Partner Eugene Chen and Special Counsel Conrad Smith (FIRB).
Partner Oliver Jankowsky said, ‘I am delighted to have been able to assist another foreign based acquirer of Australian assets. The deal was significant as it was the first deal since COVID travel restrictions were imposed in 2020 where a foreign client was able to travel to Australia and engage in person to person negotiations.’
Hall & Wilcox is a leading independent law firm of more than 900 people, including over 100 partners. We service corporate, public sector and private clients, both Australian-based and those offshore doing business in Australia.
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