HEUKING advises Aichelin on cross-border acquisition of two Nitrex divisions
Aichelin group is acquiring the NTS (Nitrex Turnkey Systems) and UPC (United Process Controls) business units from Nitrex in a cross-border carve-out. A HEUKING team led by Benedikt Raisch and Dr. Emanuel Teichmann advised Aichelin on all German legal aspects of the transaction, which is the company’s largest deal to date. The parties agreed not to disclose the purchase price or other contractual terms. The transaction is expected to close in Q3/2025.
Established in Canada in 1984, Nitrex provides integrated solutions for industrial heat treatment worldwide. The NTS division designs and supplies turnkey systems for nitriding, nitrocarburizing, and vacuum heat treatment, while UPC specializes in automation, control technology, and process control for heat treatment and combustion processes.
Aichelin group, based in Mödling near Vienna, is part of Berndorf AG and is a leading global provider of industrial heat-treatment solutions. The company develops and manufactures industrial furnaces, heating systems, and automation and digitalization solutions for industries such as automotive, roller bearings, and precision parts. Aichelin employs around 1,100 people and operates subsidiaries in Europe, Asia, and North America.
Counsel to Aichelin group
HEUKING:
Benedikt Raisch,
Dr. Emanuel Teichmann (both Lead, both Corporate/M&A),
Antje Münch, LL.M. (IP/IT),
Carina Bart (Employment), all Stuttgart,
Dr. Ruth Jungkind (Commercial),
Michael Auer (Real Estate), both Munich,
Anna Coenen (Compliance), Düsseldorf
Additional counsel:
Dr. Bernd Grama,
Dr. Georg Zacherl,
Felix Webhofer, all GSV - Grama Schwaighofer Vondrak Rechtsanwälte (lead counsel for the entire transaction)
