The Riverside Company sold together with its co-investor Halder the division „Mission Critical Systems“ of their joint portfolio company KEYMILE to the global technology group ABB. The parties have agreed not to disclose the purchase price. The transaction still requires the approval of the antitrust authorities.
This transaction allows ABB to expand its market reach and strengthen its position in the fields of application-critical systems. The acquisition contains important products, software and service solutions as well as research and development expertise.
The counsel team of AC Tischendorf consisted of Dr. Sven Tischendorf, MBA, Fabian Brocke, LL.M., Friederike Jawad, LL.M., Marcus Columbu and Dr. Florian Wäßle, LL.M.