Gleiss Lutz advises Linde on the sale of TEGA to DCC

Munich — Gleiss Lutz has advi­sed Linde AG in the auction procee­dings for the sale of TEGA ‑Tech­ni­sche Gase und Gasetech­nik GmbH. The buyer is DCC Germany Holding GmbH, a subsi­diary of the Irish company DCC. The tran­sac­tion is expec­ted to be comple­ted in the first quar­ter of 2018 follo­wing appr­oval by the rele­vant anti­trust autho­ri­ties. The parties have agreed not to disc­lose the sales price.

Tega — Tech­ni­sche Gase und Gasetech­nik GmbH specia­li­zes in the liquid gas and refri­ger­ant busi­ness and has five loca­ti­ons throug­hout Germany. It most recently achie­ved annual sales of 75 million euros.

Linde achie­ved sales of €16.948 billion in the 2016 finan­cial year, making it one of the world’s leading gases and engi­nee­ring compa­nies. With around 60,000 employees, the Group is repre­sen­ted in more than 100 countries.

The inter­na­tio­nally active services group DCC is listed on the London Stock Exch­ange in the FTSE 100. In the past fiscal year, the company gene­ra­ted sales of over 12 billion euros.

Sandra Albrecht (M&A) and Georg Terhorst (anti­trust) advi­sed Linde AG on the transaction.

For Linde AG, the follo­wing Gleiss Lutzwas-Team active: Dr. Ralf Mors­häu­ser (Lead), Dr. Rainer Loges (both Part­ner), Dr. Tobias Falk­ner (Coun­sel), Moritz Alex­an­der Riese­ner, Dr. Johan­nes Witt­mann (all Corporate/M&A), Dr. Matthias Werner (Coun­sel, IP/IT, all Munich), Dr. Phil­ipp Naab (Coun­sel, Real Estate, Frank­furt), Dr. Johann Wagner (Part­ner), Dr. Hendrik Marchal (Coun­sel), Dr. Jens Wrede (all Tax, all Hamburg), Dr. Petra Lins­meier, Dr. Ingo Brin­ker (both Part­ners), Kath­rin Haag (all Anti­trust, all Munich) and Dr. Jacob von Andreae (Part­ner, Public Law, Düsseldorf).