POELLATH advises DPE Deutsche Private Equity on the acquisition of Engelmann Sensor GmbH

The sellers were NORD Holding Unternehmensbeteiligungsgesellschaft mbH and capiton AG. The parties have agreed not to disclose the purchase price. The transaction is still subject to approval by antitrust authorities.

Engelmann Sensor GmbH, based in Wiesloch-Baiertal in Baden-Württemberg, is Europe’s leading manufacturer of intelligent heat meters for the submetering industry. The company offers its customers an attractive “one-stop shop” for submetering in the residential and real estate sectors. The company employs approximately 170 people at its two production sites in Wiesloch (Germany, headquarters) and Suining (China) and generated sales of more than EUR 45 million in fiscal year 2020/21.

Founded in 2007, DPE Deutsche Private Equity is an independent German private equity firm that invests in medium-sized companies in Germany, Austria and Switzerland. Since its foundation, DPE has successfully invested in 30 companies and supported them in 70 follow-on investments.

POELLATH advised DPE on all tax aspects of the acquisition with the following Munich team:

• Dr. Michael Best (partner, lead, tax).
• Gerald Herrmann (partner, tax)
• Tobias Deschenhalm (associate, tax)