HEUKING advises Primepulse SE on its sale of TeleAlarm Europe GmbH to ASSA ABLOY
A HEUKING team led by M&A Partners Boris Dürr and Christian Schild legally advised PRIMEPULSE SE comprehensively on the sale of its stake in TeleAlarm Europe GmbH and its European subsidiaries to ASSA ABLOY Deutschland GmbH.
TeleAlarm group is a leading provider of hardware and software solutions that help the elderly and people with physical disabilities to live independently in their own home, or in a care home environment. The group employs about 70 people and generated sales of about EUR 30 million in 2024.
ASSA ABLOY Deutschland GmbH is part of ASSA ABLOY group, a leading global provider of access solutions. ASSA ABLOY offers innovative products and services in the field of door and security technology and manufactures mechanical and electromechanical locks, locking systems, and access control systems. The group employs some 63,000 people worldwide and generates sales of around SEK 150 billion (about EUR 13.128 billion). ASSA ABLOY, headquartered in Stockholm, Sweden, operates sites in Germany, Switzerland, Belgium, the Netherlands, and Austria.
PRIMEPULSE SE is the investment company of the founders of TecDAX-listed IT service provider CANCOM SE. PRIMEPULSE invests in growth-oriented IT and technology companies in the Germany/Austria/Switzerland region. Its portfolio companies benefit from PRIMEPULSE’s many years of experience and strong network in the IT sector, as well as its deep understanding of business models and markets, which it actively contributes to their strategic development.
The team led by Boris Dürr regularly advises PRIMEPULSE SE on M&A transactions, most recently on the acquisition of Samhammer, the sale of a majority stake in IT service provider glueckkanja AG, and the sale of a majority stake in Stemmer Imaging AG to MiddleGround Capital.
Counsel to TeleAlarm Holding GmbH
HEUKING:
Boris Dürr (Lead counsel for the entire transaction),
Christian Schild, LL.M. (Lead on contract negotiations, both Corporate / M&A),
Peter M. Schäffler (Tax), all Munich,
Dr. Henrik Lay (Corporate / M&A / Tax), Hamburg,
Dr. Lutz Martin Keppeler (IT / Data Protection), Cologne,
Dr. Bodo Matthäus Dehne (Foreign Trade / Investment Control), Düsseldorf,
Dr. Ruth Jungkind (Antitrust / Distribution), Munich,
Sarah Radon, Düsseldorf,
Felix Noack,
Marilena Schöck (all Corporate / M&A), both Munich
