Flick Gocke Schaumburg advises Schenker and Deutsche Bahn on sale of MTS Group to WM SE

Flick Gocke Schaumburg has advised Schenker AG and Deutsche Bahn AG on corporate and tax law aspects of the sale of the MTS Group to WE SE. Until now, MTS has been majority-owned by Deutsche Bahn’s subsidiary Schenker AG and other shareholders that contributed their shares in 2015 as part of a merger. The transaction is still subject to the approval of the competition authorities, clearance by federal ministries and resolutions of Deutsche Bahn AG. The parties have agreed not to disclose the purchase price.

Advisors to Schenker AG and Deutsche Bahn AG: Flick Gocke Schaumburg
Mathias Bülow (project lead, private equity/M&A), Dr. Christian Pitzal (private equity/tax), Dr. Martin Oltmanns (private equity/M&A), Dr. Irka Zöllter-Petzoldt (corporate/M&A); associates: Justus Bode (private equity/M&A), Stefan Schulz (private equity/tax), Dr Burak Firat, Alexander Kern (both private equity/M&A)

Headquartered in Germany, the MTS Group has around 700 employees at nine locations worldwide, and maintains subsidiaries in Switzerland, Austria, Poland and Hong Kong. The group has an international network of manufacturers and suppliers and produces car accessories, car items, bicycles and accessories, electrical installation material and workwear. Its portfolio of brands includes NIGRIN & Cartrend in the automotive sector, FISCHER in the bicycle sector and UNITEC in the electrical sector.

Headquartered in Osnabrück, WM SE is a Europe-wide leader in the trade of automotive parts and accessories, tools and workshop equipment with more than 200 outlets in Germany, the Netherlands, Austria, the Czech Republic and the USA. Its portfolio includes logistics and sales of spare parts from brand manufacturers. It also manages its own monochrom and repstart brands, maintains online parts catalogues and workshop software, customises concepts for workshops and offers other services.<<<