Supported by the M&A team led by Hamburg-based partner Dr. Stefan Duhnkrack, ATH Altonaer-Technologie-Holding GmbH, headquartered in Hamburg and owner of KROENERT GmbH & Co KG, acquired all shares in Coatema Coating Machinery GmbH. The parties have agreed not to disclose the purchase price.
KROENERT and Coatema are machine and equipment manufacturers in the coating and converting industry and global leaders in their respective market segments. Merging the companies under the ATH umbrella will create a network with comprehensive product portfolio for coating applications and high innovative strength.
Both companies and brands will remain independent and will continue to operate from their respective sites. Previous managing shareholders Dr. Andreas Giessmann and Detlef Dieke will also retain their positions as general managers of Coatema.
Under the umbrella of ATH Altonaer-Technologie-Holding GmbH, KROENERT, DRYTEC and ZAE provide innovative technologies, efficient machines, and drive systems for customers around the world. ATH is headquartered in Hamburg and employs about 390 people.
The client was advised in cooperation with ECOVIS Hanseatische Mittelstands Treuhand GmbH (Dr. Hans-Werner Kortmann, Auditor/Tax Advisor and Astrid Busch, Auditor/Tax Advisor).
Counsel to ATH
Heuking Kühn Lüer Wojtek:
Dr. Stefan Duhnkrack (Lead / M&A),
Dr. Hans Henning Hoff (Corporate, Real Estate),
Dr. Stefan Bretthauer (Commercial),
Dr. Christina Etzel (Public Law),
Dr. Johan-Michel Menke, LL.M. (Employment), all Hamburg
Dr. Anton Horn (IP), Düsseldorf