Heuking advises Lanco Integrated on sale to Private Assets
A team led by Dr. Rainer Herschlein, Partner at Heuking Kühn Lüer Wojtek, advised Lanco Assembly Systems, Inc., Maine, USA, on the divestment of its ownership of Lanco Integrated GmbH & Co. KG, a manufacturer of automation technology, to Private Assets AG. In the future, Lanco Integrated GmbH & Co. KG will again operate under the name “OKU Automation.”
Headquartered in Winterbach near Stuttgart, Lanco Integrated / OKU Automation is an experienced manufacturer of automated solutions and specializes in assembly systems for medium and small parts. The company employs more than 100 people and is the supplier of the well-known “OKUMAT” systems.
Private Assets AG is a Hamburg-based, listed investment company focusing on corporate investments in special situations. Private Assets invests in corporate spin-offs and currently underperforming SMEs. Another investment focus is on companies with unresolved succession issues.
Counsel to Lanco Assembly Systems, Inc.
Heuking Kühn Lüer Wojtek:
Dr. Rainer Herschlein, LL.M. (Fordham University) (Lead, Corporate/M&A), Stuttgart
Fabian G. Gaffron (Tax), Hamburg
Charlotte Schmitt, LL.M., Dr. Emanuel Teichmann (Corporate/M&A), both Stuttgart
Antje Münch, LL.M. (IP, Media & Technology), Stuttgart