We advised Dussmann Group, one of the largest private multi-service providers worldwide with 66,122 employees across 17 countries and an annual turnover of over €2.3 billion, on the agreement to acquire the STS Group by the Dussmann Group.
The agreement was signed on 17 May and completion of the sale is subject to competition law approval in Germany.
STS Group is a leading electronic and mechanical engineering company with a blue-chip client list and decades of experience on international projects in Ireland, the UK, mainland Europe and most recently in Bahrain.
The transaction involved a number of notable features including German competition approval and numerous complex cross-border dimensions which were coordinated by the LK Shields team.
The LK Shields team was led by Philip Daly (Corporate), with assistance from Lisa McEllin (Corporate), Ruairi Mulrean (Tax), Jennifer O’Neill (Employment), Gillian Dully (Pension Benefits), Cathal Hester (Property) and Robert Haniver (Intellectual Property).