International law firm Bird & Bird, has been advising new client, Bucher Industries on their acquisition of the European and Australian sweeper business of Johnston Sweepers Ltd from UK based Ennstone plc for a purchase price of CHF 45million.
Swiss based Bucher Industries is a technology group operating worldwide and leading the market in advances areas of engineering and automotive industries. The acquisition of Johnston Sweepers will help not only help strengthen Bucher Automotive in Europe and enable it to enter the Australian market but also creates growth potential in North America and Southeast Asia.
Bird & Bird corporate partner David Byam-Cook led the team with assistance from assistant Mark Cummings.
Commenting, David Byam-Cook said:
“This is an important development for Bucher Industries and has been an interesting deal to work on for a new client”.
Jones Day advised Johnston Sweepers.
For more information on this deal, please contact David Byam-Cook on +44 (0)20 7415 6000 or Larry Cattle on +44 (0)20 7415 6156.