CMS advises HIMA on acquisition of Sella Controls

CMS advises HIMA on acquisition of Sella Controls

Graeme Bruce

CMS has advised HIMA Paul Hildebrandt GmbH (HIMA) on its acquisition of the entire issued share capital of Sella Limited and its subsidiaries, including Sella Controls (Sella), from the company’s management shareholders.

Headquartered in Bruehl, Germany, HIMA is a provider of safety-related automation solutions for the process and railway industries protecting people, the environment and assets. Founded in 1908, the family-owned company employs around 800 people and operates from over 50 locations worldwide.

Sella is recognised as a market leader in the provision of engineered solutions for safety, control and automation applications within a variety of industry sectors. These include energy, chemical and petrochemical, steel generation and the rail sector where Sella’s expertise and portfolio of solutions was a key deal driver for HIMA, which the company is now keen to leverage through its international network.

The cross-border CMS team was led by Glasgow-based corporate partner Graeme Bruce and associate Alastair McNaughton, together with Frankfurt-based corporate and relationship partner Hendrik Hirsch and senior associate Berrit Roth-Mingram. Specialists from across CMS also assisted on a number of additional facets of the transaction.

Dr Michael Löbig, HIMA group’s chief financial officer, said: “This acquisition is an important strategic development for HIMA which will enable our company to further exploit our innovation across a range of key sectors, especially rail where Sella has established a strong market presence.

“I am grateful to Graeme and his CMS colleagues for their diligence and support in progressing this transaction and bringing it to a successful conclusion.”

Mr Bruce added: “We are delighted to have supported HIMA on this key deal which will enable the company to further develop its world-leading innovation and continue to grow its business.”

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