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).

Click to know more about Debevoise & Plimpton LLP

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.