P+P advises the management board of Metabo AG on sale to Hitachi

Hitachi Power Tools acquired a majority stake in Metabo AG from financial investor Chequers Capital. The completion of the transaction is still subject to approval by the relevant antitrust authorities.

Metabo AG, headquartered in Nürtingen with production facilities in Shanghai, is a traditional manufacturer of power tools and supplier of accessories for professional users. With 1800 employees worldwide, the company provides equipment and accessories, in particular, for metal crafts and the metal industry, as well as for the building trade and renovation work.

Through the acquisition, Metabo becomes part of Hitachi Koki, an international producer / distributor of power tools and a subsidiary of the Hitachi Group. Hitachi Power Tools is headquartered in Tokyo, has 5,000 employees worldwide and had a turnover of more than one billion Euros in 2014. As part of a capital increase, Chequers Capital acquired a majority stake in Metabo in June 2012.

P+P Pöllath + Partners advised the management board of Metabo AG on the transaction with the following team:

• Dr. Benedikt Hohaus (partner, M&A/PE) 
• Dr. Tim Kaufhold (counsel, M&A/PE)