#DEAL #REALESTATE #IDUSTRIAL #CORPORATE #ACQUISITION #INVESTMENT
Arendt & Medernach has acted as lead counsel to STRABAG Property and Facility Services ("STRABAG PFS"), an integrated real estate and industrial service provider for all types of properties, leading in digital and technical expertise, in the acquisition of the Luxembourg-based company ELCO, which specialises in consultancy, installation, and technical services for all types of building.
With a total revenue of around EUR 59 million and a solid reputation in the country, ELCO represents an opportunity for STRABAG PFS Group to expand in the Grand Duchy. STRABAG PFS is thus further advancing its goal of strengthening the business segment as a holistic lifecycle solutions provider.
ELCO was founded in 1945 and has since developed into a leading multi-technology provider in Luxembourg. The company employs around 450 employees and serves numerous well-known customers from the public and private sectors. The existing services are to be supplemented by infrastructure services so that STRABAG PFS will also be able to offer integrated facility management services in Luxembourg in future.
The parties have agreed not to disclose the purchase price.
The Arendt team advised on all Corporate, M&A, Employment Law, Real Estate, IP/IT, and litigation aspects of the transaction.
Read the full press release from STRABAG here_
Arendt teams involved:
Corporate Law, Mergers & Acquisitions:
Alexander Olliges, Partner
Séverine Brasseur, Counsel
Caroline Halembert, Counsel
Administrative Law, Property, Construction & Environment:
Christian Point, Partner
Christophe Dieret, Counsel
Employment Law, Pensions & Benefits:
Philippe Schmit, Partner
Kim Meis, Senior Associate
Caroline Fort, Associate
Louis Arendt, Associate
IP, Communication & Technology:
Astrid Wagner, Partner
Faustine Cachera, Counsel
Litigation & Dispute Resolution:
Clara Mara-Marhuenda, Partner
Claas-Eike Seestädt, Senior Associate
Paralegal:
Thomas Fischer