Grünwald Equity sells Luwa Air Engineering AG to Nederman Holding AB
Niederer Kraft Frey acted as Swiss transaction counsel to the German private investor group Grünwald Equity in the sale of Luwa Air Engineering AG (Luwa) to the Swedish company Nederman Holding AB (Nederman).
Grünwald Equity invests in leading, medium-sized companies involved in manufacturing, retail and services in German-speaking regions. The team has many years of experience in the acquisition, operational supervision and management of medium-sized companies.
Luwa is a manufacturer of air conditioning systems with a focus on the textile industry. Luwa has facilities in China, India, Singapore, USA and Turkey, in addition to its headquarters and engineering in Switzerland; it is considered the only global provider in its segment.
Nederman is a global provider and developer of products and solutions for environmental technology. The company is listed on the Stockholm Nasdaq and employs 1’800 employees in more than 50 countries. Luwa’s solutions will complement Nederman’s range of services in the strategically important fiber and textile market.
The NKF team was led by Corporate/M&A partner Patrik Peyer working with senior associate Moritz Maurer, Corporate/M&A.
P+P Pöllath + Partners acted as lead counsel to Grünwald Equity. The team was led by M&A/Private Equity partner Philipp von Braunschweig working with Corporate/M&A associate Andrea Streifeneder.