24.10.2023

Energy transition: Luther advises marine gear manufacturer REINTJES on acquisition of Italian company for the production of hybrid and electric drives for ships

Hanover, 24.10.2023 – The traditional company REINTJES, one of the world's leading manufacturers of marine gears, has founded a joint venture with the Italian company Ralf Srl. Because the energy turnaround is also taking hold in shipbuilding: The new subsidiary REINTJES HYBRID POWER Srl will focus on the production of hybrid drives. REINTJES was advised on the transaction by Luther Rechtsanwaltsgesellschaft, with whom the company has been working for more than ten years, among other things, in commercial law and M&A. In addition, the Italian partner law firm Pirola Pennuto supported Zei in the transaction. Together with Luther, it is an exclusive member of the international organisation unyer.

For REINTJES, the investment in REINTJES HYBRID POWER Srl means entering the production of sustainable electronic and hybrid marine propulsion systems, for which there is high demand worldwide. REINTJES HYBRID POWER Srl will therefore be integrated into the worldwide sales network of REINTJES, so that in future a complete package of hybrid and classic marine propulsion systems will be offered.

Klaus Deleroi, Managing Director of REINTJES: "With this transaction, Luther and Pirola have documented that even in cross-border activities, the consulting approach of comprehensive legal know-how, pragmatic implementation and economic understanding that we value will be maintained."

For REINTJES GmbH:

Luther Rechtsanwaltsgesellschaft:

Luther, M&A: Prof Dr Hans- Georg Hahn (Partner, Lead), Stefan Tolksdorf LL.M. (Senior Associate)

Luther, Intellectual Property & Copyright: Dr Kay Oelschlägel (Partner), Dr Geert Johann Seelig (Partner), Manuel Rueß (Associate)

PIROLA PENNUTO ZEI:

Massimo di Terlizzi and Anne-Manuelle Gaillet (both partners), Anna Lisa Sepich (senior associate)

For RALF Srl (Borgonovo Val Tidone):

TCA Triberti Colombo & Associati:

Stefano Versace, Nicola Salvarani, Dott. Comm. Paolo Bergamasco, Frederike Hintz

About REINTJES:

The traditional company REINTJES has been in existence for more than 140 years and has been manufacturing marine propulsion systems and industrial gear units for steam and gas turbines as well as compressors for the world market at its headquarters in Hameln (Lower Saxony) since 1955. Since 1961, the company has been part of the Eugen Reintjes Foundation, which was founded to promote health and social welfare in the town of Hamelin. Meanwhile, the international group of companies comprises more than 500 employees worldwide, ten subsidiaries and numerous sales and service partners.

https://www.reintjes-gears.de/

About unyer:

unyer is a global organisation of leading international professional services companies. unyer is open not only to law firms but also to other related professional services, especially from the legal tech sector. unyer is based in Zurich as a Swiss association. unyer is globally networked but has strong local roots in the respective markets.

unyer takes an exclusive approach and admits only one member per country. unyer members offer their clients comprehensive professional services across all jurisdictions and have a high level of industry expertise. The organisation has an annual turnover of more than EUR 650 million and comprises over 2,550 lawyers and professionals in more than ten countries in Europe and Asia.

www.unyer.com