Austria: Schoenherr advises ASSA ABLOY on acquisition of SKIDATA

Schoenherr advised ASSA ABLOY on all aspects of Austrian law in connection with the transaction, including due diligence and M&A. The transaction was subject to German law, on which Freshfields Germany advised.

ASSA ABLOY is an international group with around 51,000 employees and branches in over 70 countries. It produces and sells locking systems, electromechanical products and security doors and fittings.

Headquartered in Salzburg, Austria, SKIDATA is part of the Public Access division of Swiss-listed Kudelski Group (SWX:KUD) and has around 1,280 employees. The company will be part of the Business Segment Pedestrian within the Entrance Systems Division.

The Schoenherr core team advising on the acquisition was led by Robert Bachner (partner), Daniel Wadl (attorney at law) and Zurab Simonishvili (attorney at law) and further consisted of Franz Urlesberger (partner), Teresa Waidmann (partner), Bianca Duca (attorney at law), Sebastian Müller (attorney at law), Alexander Pabst (attorney at law), Florian Terharen (attorney at law), Nikolaus Stepan (associate), Hanna Elisabeth Kirschner (associate) and Christian Kracher (associate).

The Kudelski Group was advised by Hogan Lovells and Goldman Sachs.