IMAP Germany advised Awetis GmbH on the sale of their IT-division to Freudenberg

The IMAP-Team for M&A transactions in special situations advised Awetis GmbH (AWETIS) within their insolvency proceedings in self-administration on the sale of its subsidiary awetis systems GmbH & Co. KG. Freudenberg Group, headquartered in Weinheim, acquired 100% of the shares.

AWETIS, developed from a spin-off from Freudenberg Group in 2010, is a specialist in the automation and tool technology for the production of elastomer, silicone and filter production. The turn-key-solutions are mainly used in the sectors automotive, consumer goods, mechanical and plant engineering as well as medical technology.

The fully owned subsidiary awetis systems GmbH & Co. KG is a provider of production-related IT for process optimization, production management and transparent data collection.

AWETIS had filed for insolvency proceedings in self-administration in April, which was agreed to by the local court of Mannheim. In addition, Jochen Glück from PLUTA Management GmbH was appointed as managing director by the company. Tobias Wahl from the law firm anchor Rechtsanwälte is trustee.

IMAP has, as part of a limited auction, only approached selected investors. The sale of the subsidiary is a first partial success within the restructuring process of AWETIS.

The company is exclusively advised by IMAP Germany. The IMAP-Team consists of Henning Graw (Partner), Simon Borst (Analyst) and Atanas Petkov (Analyst).

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