TTP AG acquires European engineering companies from NNE A/S
Niederer Kraft Frey acted as Swiss counsel to TTP AG, Frankfurt am Main, on the acquisition of the former Pharmaplan company located in Switzerland from the Danish-based NNE A/S.
TTP AG is an operational holding company specialised in production-related engineering services for the process industry. It is the major shareholder of TRIPLAN Aktiengesellschaft, based in Bad Soden am Taunus, an engineering services company with a sectoral focus on life science, chemistry and petrochemistry. NNE specialises in engineering and consulting services in the growth markets of biotechnology and pharmaceutics and thereby covers all service areas for EPCM projects (Engineering, Procurement, Construction Management).
As a result of the acquisition a significant production-related provider of engineering solutions for the process industry takes shape under the aegis of TTP AG.
The transaction was signed in February 2019 and successfully closed on 1 April 2019.
The NKF team was led by Corporate/M&A partner Patrik Peyer, working with senior associate Moritz Maurer and junior associate Stephanie Wichmann (both Corporate/M&A).
SZA Schilling, Zutt & Anschütz, Frankfurt acted as lead counsel to TTP AG. The team was led by Corporate/M&A partner Christoph Nolden, working with associate Michael Maxim Cohen, counsel Steffen Henn and associate Alexander Hofmann.