Rödl & Partner advises WIKA on the acquisition of IDOSENS in France

Klingenberg / Paris / Grenoble, 26 April 2018: Rödl & Partner advised the WIKA Group on the acquisition of IDOSENS SAS, an Internet of Things (“IoT”) company with offices in Meylan, close to Grenoble, France, from Semtech Holdings France and two private shareholders. The parties agreed not to disclose details of the transaction.

 

With the acquisition of IDOSENS, WIKA widens its product portfolio of solutions for the market of the Industrial Internet-of-Things (“IIoT”).

 

The focal points of the advisory services rendered by an interdisciplinary M&A team of Rödl & Partner included financial, legal and tax due diligence. Rödl & Partner also advised the buyer WIKA during negotiations and in drafting the share purchase agreement as well as in the execution of the closing. The project management was conducted by attorney at law and office head Nicola Lohrey (legal due diligence) as well as auditor and tax consultant Susanne Wiener (financial due diligence).

 

As a globally active family business with over 9,300 highly qualified employees, the WIKA group of companies is a worldwide leader in pressure and temperature measurement. The company also sets the standard in the measurement of level and flow and in calibration technology. Founded in 1946, WIKA is today a strong and reliable partner for all the requirements of industrial measurement technology, thanks to a broad portfolio of high-precision instruments and comprehensive services.

 

With manufacturing locations around the globe, WIKA ensures flexibility and the highest delivery performance. Every year, over 50 million quality products, both standard and customer-specific solutions, are delivered in batches of 1 to over 10,000 units. With numerous wholly-owned subsidiaries and partners, WIKA competently and reliably supports its customers worldwide. Experienced engineers and sales experts act as proficient and dependable local partners.

 

IDOSENS was founded in March 2015 in Meylan (near Grenoble, France), backed by the Semtech Corporation, a US-based supplier of analog and mixed-signal semiconductor devices. The company develops and provides solutions and products in the Internet-of-Things (“IoT”) market for individual and industrial users (“IIoT” – Industrial Internet-of-Things), specialising in measurement technology (movement, temperature, humidity, geolocation).

 

The highly qualified IDOSENS personnel is in particular specialised in radio frequency, firmware, software or mechatronics. The company's key know-how is the research and development of machine-to-machine communication solutions. In this regard, IDOSENS has engaged several strategic partnerships with major industry players.

 

Advisers to WIKA:

Rödl & Partner Paris – Legal, Financial, Tax

Nicola Lohrey, office head France, Attorney at Law (France), Attorney at Law (Germany) (Project lead, Legal Due Diligence, SPA advice)

Anne-Sophie Hebras, Attorney at Law (France), Associate Partner (Legal Due Diligence, SPA advice)

Céline Kammerer, Attorney at Law (France), Associate Partner (Legal Due Diligence)

Julia Planty, Attorney at Law (France) (Legal Due Diligence)

Léa Brecht, Attorney at Law (France) (Legal Due Diligence, SPA advice)

Sophie Reale, Attorney at law (France) (Legal Due Diligence)

 

Susanne Wiener, Certified Public Auditor (Germany), Certified Tax Consultant (Germany), Auditor (France), Tax Consultant (France) (Project lead, Financial Due Diligence)

Maximilian Egger, CFA Charterholder, Senior Associate (Financial Due Diligence, SPA advice, closing statements)

Maxime Tisserand, Associate (Financial Due Diligence, closing statements)

 

Marcus Schmidbauer, Attorney at law (France), LL.M., M.Sc., Associate Partner (Tax Due Diligence)

Jean Seguineau, Attorney at law (France) (Tax Due Diligence)

 

WIKA

Dirk Fellermann, CFO

Thomas Hillerich, Mergers & Acquisitions

Thorsten Seefried, Vice President Industrial IoT

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 Contact

Nicola Lohrey

+33 1 5692 3125
+33 1 5692 3129

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