GvW has advised Elydan SAS on its acquisition of DW Verbundrohr GmbH
The French industrial group Elydan, which designs and manufactures a wide range of products for the building industry (pipes, ducts, polyethylene and polypropylene sheaths), has acquired the German company DW Verbundrohr GmbH (“DWVG”) and its French subsidiary Multitubo France which have been part of the Austrian Ke Kelit group so far. The parties have agreed not to disclose the purchase price.
This expansion allows the company to strengthen its position in the plumbing, sanitary, heating and cooling market, while continuing its international development. DWVG offers multilayer pipes and fittings under the Multitubo brand. It has a turnover of 23 million euros in 2021 and is present in Germany, Europe and internationally with distributors in over 40 countries.
This acquisition will allow Elydan to expand its product range and accelerate its development on the residential market in France and abroad (Germany, United Kingdom, Netherlands). The company will also be able to exceed €200 million in turnover by 2022.
GvW for Elydan: Felix Wolf (Lead/M&A, Munich), Maximilian Andersen (M&A, Hamburg); Dr Michael Engel (Tax, Frankfurt/Main); Dr Axel von Walther, Isabel Raab (both IP/IT, Munich); Christian Kusulis, Alexander Rösch (Competition law, Frankfurt); Denise Waelde (Employment law, Munich); Daniel Metz (Real Estate, Munich); Dr Maren Mönchmeyer (Commercial, Hamburg).
News
Federal Administrative Court: Fehmarn Belt Fixed Link may be built
The Federal Administrative Court has dismissed all six pending appeals against the planning decision on the Fehmarn Belt Fixed Link. Construction of the tunnel may therefore now also begin in Germany. GvW advised the State of Schleswig-Holstein and was represented by a Hamburg team consisting of Dr Ronald Steiling (lead), Corinna Lindau, Dr Dietrich Drömann, Prof. Dr Christian Winterhoff, Dr Andreas Wolowski, Saskia Soravia, Dr Stefanie Ramsauer, Dr Annika Bleier, Felix Kazimierski and Niclas Langhans. (BVerwG 9 A 6.19, 9 A 7.19, 9 A 9.19, 9 A 10.19, 9 A 11.19, 9 A 12.19 and 9 A 13.19).
H4 Hotel Mönchengladbach at BORUSSIA-PARK: the place for that Bundesliga feeling
Football is king at H-Hotel Group’s new H4 Hotel in Mönchengladbach. Its location right next to the stadium and the theme rooms depicting the history of the Borussia Dortmund football club make this new hotel unique and a must for any football enthusiast. Our lawyers had the pleasure of advising H-Hotels Group on the creation of its first football-themed hotel and took the chance to visit this amazing place shortly after its opening.
Transport System Bögl: new local public passenger transport system a big success in China
The Max Bögl group of companies has developed a new local public passenger transport system. The system called “Transport System Bögl” (TSB) uses magnetic levitation, or “maglev” technology and provides a clean and cost-efficient means of transport for better mobility in inner city areas. The technology is becoming increasingly popular also in other countries: Max Bögl’s most recent export order was the sale of its TSB to China. The company’s plans include building a 3.5 km test track in Chengdu and extensive marketing activities to promote the technology in China – all through a sales partnership with a Chinese company.

You don't want to miss any more of the latest legal developments? And be invited to our events? Then register here.