On 30 September 2020, the Shenzhen Stock Exchange (SZSE) approved the application of Truking Technology Co., Ltd for what is known as a Material Asset Restructuring (MAR). This is the first major restructuring project under PRC law approved by the SZSE since the introduction of the new registration-based IPO system for ChiNext. ChiNext is a NASDAQ-style stock market designed, among other things, to enhance access to equity capital for innovative, fast growing businesses, in particular high-tech companies.

From now on, GvW Graf von Westphalen will be present in all major German business cities. With the opening of its sixth German office in Stuttgart, the firm is now able to serve its many small- and medium-sized business clients from the State of Baden-Württemberg directly in their home area.

A fund managed by capiton AG has acquired 100% of the shares in Cedes AG, a leading manufacturer of sensor technology in the elevator and door industry based in Landquart (Switzerland). The company’s products, which utilize infrared and image processing technology, provide solutions for the automation of elevators, escalators, and entrances. With around 400 employees worldwide at locations in Switzerland, Japan, the USA, Singapore and China, the business generated sales of around CHF 55 million in 2019.

On 15 July 2020, TeamViewer signed a definitive agreement to acquire Ubimax. GvW Graf von Westphalen advised the sellers of Ubimax on the sale of the company.

GvW Graf von Westphalen has advised the Dutch A.Hak group on the sale of Reinhard Rohrbau GmbH to Deutsche Infrastruktur- und Netzgesellschaft mbH (DING). Reinhard Rohrbau GmbH, based in Meppen, is a regionally leading pipeline construction specialist with a focus on all services related to the laying of energy and telecommunication networks.


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