London/Frankfurt, 19 June 2018 - One Square advises Iturri S.A. in its successful aquisition GIMAEX GmbH

The London team of One Square advised Iturri S.A., a leading manufacturer of fire engines, rescue and security technology, in its successful acquisition of GIMAEX GmbH, Wilnsdorf (Germany). GIMAEX GmbH, formerly trading under the international and well-known traditional brand of Schmitz Feuerwehr- und Umwelttechnik GmbH and to be renamed into Iturri Feuerwehr- und Umwelttechnik GmbH, is an industry-leading manufacturer of special purpose vehicle for fire brigades (e.g. mobile command-and-control centres), vehicles for the management of incidents involving hazardous materials, and other related technologies. Iturri S.A., Seville/Spain, a family-owned international group, mandated One Square for advising on the acquisition of parts of the insolvent GIMAEX group. On 12 June 2018, Iturri S.A. acquired the shares of GIMAEX GmbH, which had been pledged to French creditors, in an auction in Hamburg. Wolf Waschkuhn, one of the managing directors and shareholders of One Square, was appointed member of the advisory board of Iturri Feuerwehr- und Umwelttechnik GmbH, in order to manage the post-acquisition matters related to the insolvency of its former French parent.

 

Iturri S.A. was also advised by Hoche Avocats, Paris, and Luther Rechtsanwaltsgesellschaft, Hamburg."


back