HEUKING advises Arteche Group on acquisition of SEG Electronics GmbH from AURELIUS
A team led by Dr. Katharina Prasuhn, partner at the Munich office of HEUKING, advised Arteche Group on the acquisition of all shares in SEG Electronics GmbH from AURELIUS Private Equity Lower Midmarket.
Founded in 1969 and baed in Kempen (North Rhine-Westphalia, Germany), SEG Electronics is an independent manufacturer of premium-quality protection relays for medium-voltage power grid applications with over 55 years of experience and an international commercial presence in more than 80 countries. The company serves a customer base of over 350 clients, employs 80 staff, and operates from a centralised production facility in Germany, complemented by sales and procurement hubs in the United States, Poland and the Middle East. SEG was acquired in 2020 by AURELIUS from NASDAQ-listed Woodward Inc. and developed under AURELIUS’ ownership into a high-performing global specialist.
Arteche is a global leader in equipment, solutions and services for the electric power industry, headquartered in Mungia (Spain). With the acquisition of SEG Electronics, Arteche strengthens its offering in the transmission and distribution network automation business, adding specialised medium-voltage protection relays to its electronics and automation solutions portfolio.
The transaction is fully in line with Arteche’s 2024-2026 Strategic Plan, “Energizing Futures Together”, and specifically strengthens the Group’s automation pillar. The integration is designed to generate technological synergies and expand the Group’s commercial reach in growth segments, particularly in the data centre market, which requires highly reliable and stable energy infrastructure. Furthermore, the transaction strengthens Arteche’s presence in the DACH region (Germany, Austria and Switzerland), a strategically important market given its industrial and energy significance.
Counsel to Arteche Group
HEUKING:
Dr. Katharina Prasuhn (lead),
Christian Schild, LL.M. (Queen Mary University of London),
Dr. Ulrich Jork,
Marilena Schöck (all M&A), all Munich,
Dr. Henrik Lay (Tax), Hamburg,
Dr. Ruth Jungkind (Commercial, Antitrust), Munich,
Kerstin Deiters, LL.M., EMBA (Employment), Cologne,
Dr. Julia Mattes (IP), Munich,
Julian Rosenfeld,
Georg Thomas, LL.M. (University of Glasgow), (both IT/Data Protection),
Markus Vlasic, LL.M. (Real Estate), all Duesseldorf,
Michael Kreisler, LL.M. (Foreign Trade Law), Berlin,
Dr. Christoph Schork, LL.M. (Compliance), Cologne
