DLA Piper has advised GMH Group, one of Germany’s leading steel producers and processors, on the acquisition of two business units of Buderus Edelstahl GmbH.
The transaction comprises the acquisition of the hot rolling mill for large, rolled steel dimensions and machining and heat treatment facilities from Buderus Edelstahl GmbH in Wetzlar. With this step, GMH Group is strengthening its position in the field of high-quality forged parts and is expanding its rolled steel portfolio as well as its processing and heat treatment capacities. The transaction is expected to be completed in the fourth quarter of 2025, subject to the usual regulatory approvals.
GMH Group, based in Georgsmarienhütte, comprises more than 15 medium-sized production companies of the steel, forging and casting industries and approximately 6,000 employees. GMH Group is considered a pioneer in green steel and offers services ranging from scrap recycling to steel production and processing to the manufacture of ready-to-install components for customers worldwide.
Buderus Edelstahl GmbH, based in Wetzlar, is a manufacturer of high-quality special steels and belongs to Mutares SE & Co. KGaA. It specializes in tool steel, engineering steel, open-die forgings, die forgings, hot strip, cold strip, and rolled semi-finished products.
A cross-border and multidisciplinary DLA Piper team from offices in Germany was led by counsel Dr Mirjam Rüve and associate Jerome Bieler, as well as partner Dr Nils Krause (all Corporate/M&A).
They were supported by partners Dr Henriette Norda (Employment), Dr Justus Herrlinger (Lit&Reg), Guido Kleve (Lit&Reg), Dr Burkhard Führmeyer (IPT), Counsels Jörn Manhart (Employment/Pensions) and Moritz Mursa (Real Estate), Senior Associates Dr Katharina Fischer (Employment, Hamburg), Louisa Arlette Maier-Witt (Lit&Reg, Hamburg), Hauke Tammert (Lit&Reg), Marisa Machacek (IPT), Dr Betina Fischer (Commercial), as well as Associates Benedikt Mail (Corporate) and Tina Popp (Real Estate).
The international team also included DLA Piper Vienna: Partner Marc Lager and Counsel Florian Prischl (both Lit&Reg), and DLA Piper Bucharest: Partner Alina Lacatus, Counsel Razvan Pele (Lit&Reg) and Associate Cristi Porojanu (Corporate).