Flick Gocke Schaumburg advises GETEC on sale of VKK Group to WM SE

Flick Gocke Schaumburg has advised GETEC on the sale of the VKK Group to the Babcock Wanson Group. The official authorizations have been obtained and the transaction is expected to be completed shortly.

In addition to VKK Standardkessel Köthen GmbH, VKK Standardkessel Service Köthen GmbH and VKK Standardkessel Verwaltung Köthen GmbH, the VKK Group also includes Dampferzeuger-Rohrleitungsbau GmbH and PCE GmbH. The Group was acquired by the GETEC Group together with VELDE Boilers and Plants GmbH in 2018.

The boiler manufacturer with its sites in Köthen and Duisburg has been reorganized and restructured over the past five years by way of the financial support and network of GETEC.

Advisors to GETEC: Flick Gocke Schaumburg

Dr. Michael Wiesbrock, Dr. Bettina Wirth-Duncan (both lead; corporate law/M&A), Dr. Florian Haus (antitrust law); associates: Lukas Gräter, Simon Kaiser, Florian Kamienke, Tobias Inninger, Dr. Christoph Brünger (all corporate law/M&A), Marius Schwaderlapp (real estate law), Franziska Freitag (accounting law)

GETEC Energie Holding GmbH is a group of energy service companies and, together with its investments and activities in the property sector throughout Germany and Europe, forms the GETEC Group. The expertise and capabilities of the various companies range from the construction and operation of microgrids and energy trading to the development and expansion of renewable energy solutions. The GETEC Group employs around 1,500 people and generates a turnover of EUR 4.9 billion .

Babcock Wanson is an international supplier of industrial process heating systems and solutions with a tradition of over 100 years. The Group has operating companies in ten countries in Europe, including five production facilities, as well as a global network of commercial and technical partners. <<<