CMS has advised AVL List on the sale of its subsidiary Piezocryst to Spectris. Freshfields Bruckhaus Deringer advised the buyer.
The transaction remains contingent on regulatory approval.
AVL List is a technology company specializing in development, simulation, and testing in the automotive industry, and in other sectors including rail, marine, and energy.
Piezocryst Advanced Sensorics is a provider of highly-specialized piezoelectric sensors.
According to CMS, "Spectris, already a world leader in testing equipment and precision measurement due to its subsidiary Hottinger Bruel & Kjaer (HBK), intends to leverage Piezocryst’s full potential to an even greater extent. Piezocryst will remain closely linked to AVL through a strategic partnership, both as a customer and as a partner in innovation and distribution."
In 2021, CMS advised on Moog Brno's transfer of part of the business to AVL Moravia (as reported by CEE Legal Matters on October 18, 2021).
The CMS team included Partners Clemens Grossmayer, Florian Mayer, Dieter Zandler, and Gabriela Staber and Lawyer Bernhard Oreschnik.
The Freshfields Bruckhaus Deringer team included Vienna-based Partners Ludwig Hartenau, Maria Dreher-Lorje, KatharinaKubik, and Karin Buzanich-Sommeregger, Counsel Gernot Fritz, Principal Associates Anna Binder-Gutwinksi, Benedikt Sprinzl, and Matthias Hofer, Senior Associate Thomas Mollnhuber, and Associates Estella Dannhausen, Tina Fokter Cuvan, Lisbeth Zimmermann, Daniel Metz, Jakob Tschachler, Sabeth Rivero Mendez, Maximilian Klein, Andreas Langer, Miriam Benmoussa, and Sophie Misra as well as further team members in Duesseldorf.
