On August 24, 2020, CENTROTEC SE (ETR: DEV), a German company specializing in energy-efficient building technology listed at the Frankfurt Stock Exchange, announced its entry into a purchase agreement for the acquisition of all shares in Pari Group AG, Steinhausen, Switzerland, at a provisional purchase price of appox. EUR 43 m in the aggregate.
PARI Group AG is the holding company for a group of companies that includes 80% of CS Wismar GmbH, a specialist in the production of solar modules, as well as a comprehensive real estate portfolio with ancillary real estate services. The closing of the transaction is subject to a number of conditions, in particular antitrust clearance by the German Federal Cartel Office. The transaction is expected to close at the beginning of Q4 2020.
Homburger acts as Swiss counsel to CENTROTEC. The Homburger team is led by partner Daniel Hasler (Corporate | M&A) and comprises associates Mario Wälti, Marc Schamaun and junior associate Miriam Oelgarth (all Corporate | M&A).