Dutch Vebego takes over: Luther advises Vorwerk on sale of hectas group

The hectas Group from Wuppertal, founded in 1974, will be transferred from the Vorwerk family of owners to the Dutch Vebego on 1 January 2022, subject to approval by the Cartel Office.

With the acquisition of the hectas Group, Vebego plans to strengthen its market value in Germany, the Netherlands and Austria. The more than 8,000 affected employees of the hectas group as well as existing contracts and agreements are to be taken over. Vorwerk, in turn, plans to concentrate on the direct sales concept of its products in the future.

About hectas

hectas Facility Services Stiftung & Co. KG, headquartered in Wuppertal, is one of the leading quality partners for infrastructural facility services. Founded in 1974, the company now employs around 8,100 people in Germany, the Netherlands and Austria in the areas of building cleaning, industrial cleaning, green care as well as building and security services, generating a turnover of around 200 million euros.

On behalf of hectas/Vorwerk:

Vorwerk Inhouse: Daniela Paul, Hannes Köblitz (both Legal), André Reislhuber (Tax & Legal)

Luther, Corporate/M&A: Dr Michael Bormann and Dr Arndt Begemann (both Partners, Lead), Dr Björn Simon (Partner), Christian Wensing, LL.M. (Associate), Conrad Knöchel (Associate)

Luther, Antitrust: Dr Holger Stappert (Partner), Anne Caroline Wegner, LL.M. (Partner), Franz-Rudolf Groß, LL.M. (Counsel), Samira Altdorf (Senior Associate)

Luther, Commercial & Distribution, Product Liability/Product Compliance: Ole-Jochen Melchior (Partner), Dr Maresa Hormes (Senior Associate)

Luther, Capital Markets, Banking & Finance: Christoph Schauenburg, LL.M. (Partner), Stefan Jokel (Senior Associate)

Ploum Rotterdam Law Firm: Rutger Ploum, Jeroen Terstegge, Walla al Jaboury (Labour Law, Netherlands)

On behalf of Vebego:

Legal: Taylor Wessing (Dr Klaus Grossmann, Cristina Boeckle, Dr Marcel Leines)

Oaklins' M&A Team (Dr Florian von Alten)

Financial Due Diligence: BDO (Frank Scholl, Marcus Lensing)

Tax: Ganteführer (Michael Baum, Bernd Rühland)