As part of its active portfolio management, Salzgitter Group has taken another strategic step by selling DESMA Schuhmaschinen GmbH and its Chinese subsidiary to NAME & MAWI Partners S.A.S.
The transaction follows the best-owner principle and marks another consistent step in implementing the group strategy "Salzgitter AG 2030". It underscores Salzgitter Group's commitment to focusing on areas where sustainable growth and added value can be generated within the Group's core activities.
DESMA Schuhmaschinen GmbH, with 220 employees, is a global technology leader in systems, machines, automation solutions, and molds for industrial shoe manufacturing. The company develops, produces, and distributes these solutions worldwide.
Listed on the SDAX, Salzgitter AG is one of Europe's leading steel and technology companies, with approximately 24,000 employees and around EUR 10 billion in external sales (figures for fiscal year 2024).
As the new owner, NMP offers DESMA attractive prospects for technological advancement and expansion of its international business. For DESMA, a global leader in machines and solutions for industrial shoe production, the new partnership opens up additional opportunities for innovation and growth.
Wendelstein advised Salzgitter Group in connection with the sale of DESMA Schuhmaschinen GmbH. The team included Partners Dr. Daniel-Müller Etienne (lead, M&A, Corporate and Tax), Dr. Lars F. Freytag (M&A and Corporate), and Nikolaus Hofstetter (Real Estate), Counsel Vanessa Trixi David (Real Estate), Senior Associate Michele Stephan (M&A and Corporate), as well as Associates Kevin Siebert, Victoria Ehrensperger (all M&A and Corporate), and Dr. Katharina Pichler (M&A, Corporate and Tax).
For antitrust and merger control matters, Wendelstein collaborated with Blomstein (Partner Dr. Anna Blume Huttenlauch and Associate Ana Carolina Vidal), for IP and IT law with BluePort Legal (Partner Nora Keßler and Salary Partner Christoph Palzer), and for labor law matters with Dr. Jens Jensen.
Wendelstein is an independent law firm based in Frankfurt am Main. We advise on core areas of business law, with a particular focus on M&A/Corporate and Dispute Resolution. Our attorneys stand for outstanding legal quality and service orientation. For more information, visit www.wendelstein.com.