References/16 Feb 2018
Borenius advised the owners of Runtech Systems Oy on the sale of their entire share capital to Gardner Denver
We advised the owners of Runtech Systems Oy on the sale of their entire share capital to leading US industrial player Gardner Denver.
Our role as the sell side lead counsel in the transaction was significant. We drafted and led negotiations on the letter of intent and the share purchase agreement in addition to other related agreements, such as the termination and conclusion of new employment contracts for existing employees and managers, the transfer of IPR, and amendments to existing client and supplier agreements and to earnout agreements from previous Runtech acquisitions. In addition, we coordinated Chinese tax filings, advised the sellers in post-closing tax matters, and provided US law advice on the sellers’ SPA warranties regarding Runtech’s US operations.
Gardner Denver Holdings Inc. (NYSE: GDI) is a leading global provider of mission-critical flow control and compression equipment. Runtech Systems Oy is a leading global manufacturer of turbo vacuum technology systems and optimisation solutions for use in a variety of process-oriented industrial end markets. Runtech Systems Oy will become a part of Gardner Denver’s Industrials Segment.