Noerr has advised for S&T AG on its entrance on the Romanian healthcare services market via a takeover of a 52% stake in Gadagroup Romania, a multinational technology group, manufacturer of IT, and supplier of smart energy technologies.
S&T AG, which is headquartered in Austria and has over 2,000 employees in over 20 countries, manufactures and supplies IT solutions and smart energy technologies. Established in 1996, Gadagroup Romania is the sole authorized distributor for producers such as: Philips Healthcare, Edwards Lifescience, Terumo, Sorin Group, Hill-Rom, Fisher&Paykel, Zeiss, Masimo, Natus, KLS Martin, and Medifa, among others.
According to a statement released by Noerr, “by acquiring 52% of the shares of Gadagroup Romania S.R.L., S&T Group is entering the Romanian market of healthcare services, expanding thus its portfolio and clientele on this very dynamic market. We assisted the client during the entire transaction in all legal aspects related to Romanian law, including obtaining the clearance from the Competition Council.”
The Noerr team was coordinated by Senior Associate Luiza Bedros, working under the supervision of Partner Rusandra Sandu.
Noerr did not identify counsel for Gadagroup Romania.