Homburger advised Oerlikon in completing the divestment of its Drive Systems Segment to Dana
On February 28, 2019, Oerlikon (SIX: OERL), a leading technology and engineering group, completed the divestment of its Drive Systems Segment to Dana Incorporated (NYSE: DAN) for an enterprise value of CHF 600 m, which is approximately the same amount of cash proceeds expected from the sale.
Based on nearly 100 years of experience, Oerlikon Drive Systems is a global leader in providing high-performance gears, market-leading shifting solutions, power transfer units (PTUs), differentials and planetary drives, as well as innovative solutions for hybrids and e-drives.
Homburger acted as lead counsel to Oerlikon Group in this transaction. The Homburger team was led by partner Daniel Hasler (Corporate / M&A) and included senior associate Mario Wälti, and junior associate Simone Schmid (both Corporate / M&A), as well as partner Franz Hoffet and junior associates Oliver Dalla Palma and Michèle Reinhardt (all Competition).