DMB acquires Raytheon Anschütz GmbH with Heuking
DMB Dr. Dieter Murmann Beteiligungsgesellschaft mbH (DMB), Kiel, entered into an agreement with Raytheon Technologies Corporation, Waltham / Massachusetts (USA) to acquire all shares in Kiel- based Raytheon Anschütz GmbH (in the future: Anschütz GmbH), including its foreign subsidiaries and branches in Panama, Brazil, Singapore, and China, as well as Raytheon Deutschland GmbH’s UK business. Following receipt of the approvals required under investment law, the transaction is expected to close at the end of February 2023.
Raytheon Anschütz GmbH is a global leader in the design and manufacture of navigation and bridge systems for commercial shipping, megayachts, and naval vessels. Since 1905, Kiel-based Anschütz & Co. has been responsible for the invention of the gyro compass and numerous other revolutionary developments in maritime navigation. The parties agreed not to disclose the purchase price.
Since 1995, the company has been a subsidiary of U.S.-based Raytheon Technologies. Anschütz’s product portfolio includes gyro compasses, inertial navigation systems, autopilots, and manual rudder control systems for merchant shipping and the Navy, as well as radars, ECDIS, and integrated bridge systems for merchant shipping and the Navy, integrated mission systems for patrol boats or the Coast Guard, and navigation and automation solutions for submarines. Raytheon Anschütz GmbH employs about 700 people.
DMB is a diversified medium-sized industrial group that combines Dr. Dieter Murmann family’s entrepreneurial activities. The family-owned company, which is committed to its independence, currently consists of six independently operating groups of companies that are market leaders in their respective fields. Sauer Compressors, based in Kiel, is one of the key players.
Counsel to DMB Dr. Dieter Murmann Beteiligungsgesellschaft mbH
Heuking Kühn Lüer Wojtek:
Dr. Stefan Duhnkrack,
Dr. Hans Henning Hoff (both M&A/Corporate, both Lead),
Tim Petermann (Commercial Contracts),
Kay Jacobsen (Employment),
Dr. Carlo Schmidt (Employment),
Dr. Stefan Bretthauer (Antitrust and Supervisory),
Dr. Hans Markus Wulf (IT/Software),
Dr. Søren Pietzcker, LL.M. (Trademarks), all Hamburg,
Dr. Markus Collisy (Environmental and Public Law), Frankfurt am Main,
Dr. Katharina Prasuhn (Corporate Foreign Companies), Munich,
Dr. Anton Horn (Patent), Düsseldorf,
Cécile Corbet, LL.M. (Patent), Frankfurt am Main
Additional counsel to DMB Dr. Dieter Murmann Beteiligungsgesellschaft mbH
Crispin Bridges Webb (Team Lead)
Corporate Finance Buyer
Jan Odewald (Team Lead), Hamburg
Counsel to Raytheon group:
Shearman & Sterling (M&A),
Cleary Gottlieb Steen & Hamilton (Antitrust and Investment)
Investment bank Seller: