Trowers & Hamlins advises Vossloh Kiepe on its acquisition of Transys Projects Limited
Trowers & Hamlins, the city-led, national and international law firm, has advised Vossloh Kiepe Beteiligungs GmbH, the rail transportation division of MDAX-listed Vossloh AG, on its acquisition of TPL (Midlands) Limited and its subsidiaries (the Transys Group) from Maven Capital Partners (UK) LLP and its other institutional and management shareholders.
The Transys Group is based in the Midlands and offers engineering and consultancy services to rail customers in the UK and overseas.
Vossloh Kiepe's acquisition of the Transys Group will allow the combined businesses to enter into new markets and bid for larger rail enhancement projects supported by the financial strength and technical expertise of the Vossloh Group.
Trowers & Hamlins corporate partner Jennie Gubbins commented: "The Vossloh Group has been a client of the firm for many years and we were very pleased to have been able to push this deal through to the satisfaction of the Group's Supervisory Board. "
She adds: "Traditionally we have advised the Group on contentious matters and we are delighted to have had the opportunity to broaden our offering to non-contentious advice. "
Jennie Gubbins led the team assisted by Charles Wilson (corporate), Shiraz Masood (corporate), Andrew Sneddon (tax) and Carly Barrett (employment).
The deal completed in June 2012 and the size of the transaction has not been disclosed.