NEON advises GMC-Instruments on sale to KLAR Partners

15 February 2023 | NEON has comprehensively advised the founder and majority shareholder of the GMC Group, Dr. Hans-Peter Opitz, on the acquisition by funds advised by KLAR Partners.

GMC Group is a leading provider of essential electrical test and measurement solutions for testing and certifying the electrical safety of technical equipment, medical and industrial instruments, communications, transportation and energy infrastructures, and for optimizing power quality and energy consumption. The company, which markets its products through the renowned brands Gossen Metrawatt, Seaward, Camille Bauer, Dranetz and Rigel Medical, among others, has been a leader in electrical safety technology for more than 100 years.

KLAR Partners is joining forces with Dr. Hans-Peter Opitz to accelerate the growth of GMC-Instruments, particularly in the high-growth renewable energy and electromobility segments. Dr. Opitz will retain a significant minority stake and continue to serve as managing director of the Group until a successor has been appointed as part of Dr. Opitz’s planned succession.
The acquisition of GMC-Instruments by KLAR is subject to regulatory approval.

NEON has consulted MARCK (Dr. Reto Batzel) for antitrust and foreign trade law advice and Arvantage (Dr. Constanze Grosch) for employment law aspects.

Background:

NEON regularly provides comprehensive advice on private equity transactions, both on the side of the PE investors during acquisitions as well as on the side of the company during sales.