Magnusson Denmark Assisted German based TÜV SÜD’s Acquisition of Local Domutech Group

Managing Partner and Head of Corporate M&A Sam Jalaei led Magnusson Denmark’s Corporate M&A team in global industry leader TÜV SÜD’s acquisition of the Denmark-based Domutech Group, in close collaboration with the esteemed Lupp + Partner transaction law firm from Germany.

Cooperating closely with the offices of Lupp + Partner throughout Germany which in this deal were led by Partner Carsten Hohmann, Magnusson Denmark and Sam Jalaei and team advised on all Danish legal elements of corporate M&A, employment, privacy and intellectual property related to the Danish target’s entities including conducting a full legal due diligence and providing the corresponding report, FDI analysis, preparation, drafting and negotiation of the SPA and rest of the related transaction documents, in support of TÜV SÜD’s acquisition of Domutech A/S and Domutech Solutions.

Magnusson Denmark’s Managing Partner and Head of Corporate M&A, Sam Jalaei, commented,

“It has been an efficient and fast-paced collaboration with Carsten Hohmann’s team for this project, and an honour to advise on a global leader’s entry into Scandinavia. The transaction is the latest in a busy year so far for the Magnusson Denmark M&A team, making the most of our cross-border capabilities.”

The acquisition offers an entry into Denmark for the Real Estate and Infrastructure Division of TÜV SÜD, a leading global provider of Testing, Inspection and Certification services. The move is part of a global expansion of TÜV SÜD’s Real Estate division, which has recently acquired supplementary enterprises in the US, and is looking to use this acquisition to further engage the Scandinavian market.

Oliver Jacob, CEO of TÜV SÜD Western Europe said of the deal,

“By expanding our service portfolio, we can further expand Domutech’s leading position in Denmark. In addition, we have an excellent basis to roll out our services across the entire Scandinavian market which is highly attractive also beyond Domutech`s current portfolio”

The target, Domutech, has grown over the past 15 years to become Denmark’s market leader in property inspections, energy performance certifications and tech-enabled solutions. Domutech is headquartered in Copenhagen and employs 194 professionals across Copenhagen, Odense and Aarhus.

Co-CEOs of Domutech said,

“With the backing of TÜV SÜD, we have the opportunity to continue our dynamic growth, to open up new markets with our services and offer greater career development opportunities for our loyal workforce. Together, we will create intelligent product packages that benefit our customers”

The team from Magnusson Denmark consisted of Managing Partner and Head of Corporate M&A Sam Jalaei, Partner Tom Stener Froberg, Partner Uwe Rasmussen, and Junior Associates Matthew C Thorn, and Simon Fraenkel.

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