The Chinese family holding SEC has acquired 100% of the shares in VEM Group in Dresden, a traditional manufacturer of electric drive systems, special motors and machines, from the entrepreneurial family Merckle, including all current locations in Germany and abroad. Together with the previous management of VEM, SEC will continue to pursue the expansion of the Company, thanks to its combined industry expertise. The new owner of VEM will also be able to provide strategic support for growth initiatives in Asia. Easier future access to the Chinese market will open up excellent growth opportunities for the well-known "VEM" brand.
VEM produces and designs regulated electrical drive systems, special motors and machines with a power range from 0.06 kW to 42 MW, as well as drive technology and power generation components. The products are manufactured at three production sites in Dresden, Wernigerode and Zwickau and are used in ships, light railways, light rail vehicles, chemical plants and rolling mills, as well as in hydroelectric and wind power plants. In 2016, the company, with approximately 1,500 employees, generated sales of approx. 200 million euros.
SEC Holding is a family holding company based in Wuxi City, China. Among other things, it is the majority shareholder of SEC Electric Machinery Co. Ltd., a manufacturer of DC and AC motors and generators for a variety of industries.
Dr. Joachim Koch, Junxiong Wang and Lisa Haug from IMAP in Germany advised on the transaction.
Stenentreprenader is one of the major natural stone contractors in Sweden. The company specialises in delivery and assembly of natural stone for façades, floors and window sills. Customers are mainly medium-sized and large construction contractors, and the projects primarily consist of public buildings.
Total Specific Solutions (‘TSS’) further extends its foothold in the Swedish software market with the acquisition of FDT AB. FDT is a vertical market software company that is part of the Swedish white goods and consumer electronics retail chain the Elon Group that operates in Sweden, Denmark, Finland, Norway, and Iceland.
29% of the deals were crossborder. Deals were closed across 13 different sectors
