Debevoise Advised Kieback&Peter in Its Strategic Partnership with Trane Technologies

Debevoise & Plimpton LLP Advised Kieback&Peter in Its Strategic Partnership with Trane Technologies

 Debevoise & Plimpton has advised Kieback&Peter, a Berlin based intelligent building automation company, in its strategic partnership with Trane Technologies, a global climate innovator.

Under the terms of the agreement, Trane Technologies will acquire a 49% interest in Kieback&Peter, with an option to assume full ownership after a three-year period. The strategic partnership includes a commercialization agreement enabling the two companies to offer highly complementary solutions to their respective customers across the EMEA region.

The investment is subject to regulatory approvals and expected to close in the coming months.

The Debevoise & Plimpton LLP team advised Kieback&Peter was led by Raman Bet-Mansour (Partner), Philipp von Holst (Partner), and Christina Heil (Associate), and Johanna Marniok (Associate). Antitrust advice was provided by Sergej Bräuer (Counsel), and Dimitra Karakioulaki (Associate).

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