GÖRG advises Hauhinco Holding on labour and employment law in the takeover of EXPROTEC
GÖRG partner Dr. Christoph J. Müller has advised Hauhinco Holding GmbH & Co. KG, headquartered in Sprockhövel (North Rhine-Westphalia), on the takeover of EXPROTEC in terms of labour and employment law. All 42 employees of EXPROTEC have accepted a takeover offer. The parties have agreed not to disclose the purchase price.
After the opening of the insolvency proceedings of EXPROTEC, headquartered in Menden, the self-administering management has signed a purchase agreement with Hauhinco Holding as a strategic investor.
Hauhinco Holding is a manufacturer for water hydraulic applications of high pressure plunger pumps as well as valves. The company specialises in mining and industry. With the takeover of EXPROTEC, Hauhinco Holding is expanding its product range. EXPROTEC develops, manufactures and distributes explosion-proof electronic applications.
EXPROTEC employees have been informed that the company will be relocated to the Westfalia campus in Lünen by the end of the year. This site is located on historic ground: around 200 years ago, the Westfalia ironworks laid the foundation for the industrialisation of the region here. With the takeover of Caterpillar in autumn 2022, Hauhinco Holding has already secured importan t industrial jobs on the campus.
Advisors Hauhinco Holding
GÖRG Partnerschaft von Rechtsanwälten mbB
Dr. Christoph J. Müller (Partner, Labour and Employment Law, Cologne)
Lupp + Partner
David Wiegand Dipl.-Ing. (FH) (Senior Associate, M&A, Hamburg)