Heuking Kühn Lüer Wojtek advised Stollmann Entwicklungs- und Vertriebs-GmbH, Hamburg (Stollmann), a portfolio company of Süd Beteiligungen GmbH, on the sale of its business to Telit Communications. Süd Beteiligungen GmbH has been a minority shareholder in Stollmann since 1999.
Stollmann is a developer of protocol stacks and products for standardized communications technologies and sells hardware products, software stacks, and reference designs to OEM and ODM customers. The technology focuses on Bluetooth, NFC, ISDN, and Call Manager software.
Telit, listed on the London Stock Exchange, is the global leader in Internet of Things (IoT) enablement. The company offers the industry's broadest portfolio of integrated products and services for end-to-end IoT deployments, including cellular communication modules in all technologies, GNSS, short-to-long-range wireless modules, IoT connectivity plans, and IoT platform services.
Süd Beteiligungen GmbH is a fully-owned subsidiary of LBBW and supports high-growth medium-sized businesses with individually tailored equity and equity-related solutions, focusing on growth financing and succession planning. Currently, Süd Beteiligungen GmbH has more than 40 holdings in various industries with capital under management in excess of EUR 300 million.
Counsel to Stollmann
Heuking Kühn Lüer Wojtek:
Dr. Peter Christian Schmidt (Lead),
Philipp Kümper, LL.M. (both Corporate/M&A),
Dr. Eva Schreiber (Employment)
Fabian Gaffron (Tax), all Hamburg
Dr. Jörg aus der Fünten (IP/IT), Cologne