PROSE group sells Testing division to TÜV SÜD
With a team led by Dr. Hermann Ali Hinderer, Partner at its Stuttgart office, Heuking Kühn Lüer Wojtek legally advised PROSE group comprehensively on the sale of its Testing division, based in Germany and Switzerland, to TÜV SÜD. The carve-out will allow PROSE group to focus on and further expand its core engineering and consulting business. With TÜV SÜD as buyer, customers will also be enjoying synergies to obtain comprehensive testing of rail vehicles from a single source.
PROSE is a globally active, independent engineering service provider in the mobility sector with a focus on the rail vehicle sector. Founded in 1982, the company is active along the entire product lifecycle: from planning, procurement, development, manufacturing, approval, operation, and maintenance to modernization. PROSE will continue to be represented by around 200 employees at the nine existing locations in Switzerland, Germany, Sweden, Italy, Austria, and France.
TÜV SÜD’s Rail Services business unit offers one-stop solutions for rail systems throughout the world. Where rolling stock and their components are concerned, the experts assist manufacturers from the drawing board to the market. Their testing portfolio spans stationary tests and track tests, addressing fields such as running dynamics, brake systems, fatigue resistance, pantographs, and traction and buffer equipment, as well as crash tests.
Counsel to PROSE group
Heuking Kühn Lüer Wojtek:
Dr. Hermann Ali Hinderer, LL.M. (Lead, Corporate/M&A), Stuttgart
Marcel Behrendt (Corporate/M&A), Stuttgart
Marcel Hostettler, MBA, MAS in Finance,
Eric Chris Baumgartner (both Corporate/M&A), both Zurich
Svea Kunz (both IP, Media & Technology), both Cologne
Fabian G. Gaffron (Tax), Hamburg
Christoph Hexel (Employment), Düsseldorf
Dr. Anton Horn (IP, Media & Technology), Düsseldorf