Bird & Bird Advised Bystronic on the Agreement to Acquire a Business Unit from Coherent

Bird & Bird Advised Bystronic on the Agreement to Acquire a Business Unit from Coherent

International law firm Bird & Bird has advised Swiss company Bystronic AG in signing an agreement to acquire the “Tools for Materials Processing” business unit from US-based Coherent Inc. Bystronic is represented in more than 30 countries through subsidiaries and an extensive network of dealers and representatives and is a leader in sheet metal processing technology and innovation. With Bystronic Software, the company is driving the digital transformation of the industry. Coherent operates in more than 20 countries and is a global leader in photonics.

With approximately 400 employees, the “Tools for Materials Processing” business unit generates revenue of around US$100 million. Its headquarters are located in southern Germany. The acquisition enables Bystronic to expand into further growth markets, such as medical devices, semiconductors and general manufacturing. In addition, Bystronic’s portfolio will be extended to include new laser applications, such as micromaterial processing, marking, labelling and drilling. Alongside procurement synergies, the takeover also brings expertise in research and development.

With the acquisition, Bystronic will also obtain the rights to the well-known laser technology brand Rofin, which will continue to operate within the newly established business unit “Bystronic Rofin.” The transaction is subject to further approvals and is expected to be completed in the coming months. The parties have agreed not to disclose the purchase price or any further details.

The Bird & Bird team was led by Stefan Münch (Partner), Michael Gaßner (Counsel) and Yannick Stahl (Associate) Thomas Hey (Partner/ Employment, Düsseldorf) and Dr. Ralph Panzer (Partner) with Dr. Maximilian Koch (Counsel) and Vincent Kirsch (Associate) with Alison Dixon (Partner/ Employment, London), Cristiano Pambianchi (Partner/ Employment, Mailand) and Dr. Henriette Picot (Partner), Michaela von Voß (Counsel) and Thomas Magosch (Associate) with Dr. Stephan Waldheim (Partner/ Competition, Düsseldorf) and Dr. Rolf Schmich (Partner/ Tax, Frankfurt) with Soeren Alborn (Counsel), Jonathan Hechler (Counsel), Jürgen Schlinkmann (Counsel) and Merwan Klink (Associate).

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