News
Emerson secures innovative measurement technology with Freshfields
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has advised US conglomerate Emerson on the acquisition of Flexim Flexible Industriemeßtechnik GmbH (‘Flexim’). The transaction is expected to close by the end of Emerson’s fiscal 2023, subject to customary closing conditions. Afterwards, Flexim’s Berlin headquarter is planned to become Emerson’s Ultrasonic Flow Measurement Center of Excellence.
Flexim is the world's only supplier of clamp-on ultrasonic systems for non-intrusive flow measurement of liquids and gases with SIL certification. Flexim's clamp-on ultrasonic systems measure virtually anything that flows, liquids as well as gases. The sensors are simply clamped onto the outside of the pipe with no interruption of service or risk of leakage.
The transaction will expand Emerson’s automation portfolio and measurement capabilities, complementing its existing flow measurement positions in Coriolis, differential pressure, magmeter and vortex flow measurement. Underpinned by favorable end market growth and technology leadership, the global ultrasonic clamp-on flowmeter market is expected to grow in the high single digits annually longer-term. Emerson reported revenue of $19.63 billion for the fiscal year ended 2022.
The Freshfields team was led by Partner Barbara Keil (Corporate/M&A, München) and Counsel Marcus Wolter (Corporate/M&A, Milan). The team further comprised:
Corporate/M&A: Associate Jan Postweiler (Munich), Partner Farid Sigari-Majd (Vienna), Guillemette Burgala (Paris), Dirk-Jan Smit (Amsterdam), Counsel Olaf Ehlers, Associates Athanasios Tasopoulos, Jules Troubat (all New York), Martin Zankl, Patrick Wageneder, Carolina Gerstacker (all Vienna), Anqi Yu (Beijing), Fabienne Tichelman, Hannah Erdman (both Amsterdam), Stephanie Austera (London), Legal Consultants Zhe Wang, Vivian Wang (both Beijing), Senior Transaction Lawyer Franz Dahl (Hamburg) and Transaction Lawyer Stéphanie Adriaens (Berlin)
IP: Partner Nina Bayerl and Associate Diana Baum (both Munich)
Employment Law: Partner Thomas Granetzky (Düsseldorf), Karin Buzanich-Sommeregger (Vienna), David Mendel (London), Sarah Ghulambussain (Silicon Valley), Principal Associates Benedikt Sprinzl (Vienna), Sarah Rohmann (Düsseldorf), Associates Vera Münsch (Munich), Fan Li (Beijing), Veere Everard, Babette Koning (both Amsterdam), Gino Murugesan (London), Kristen Stidham (Silicon Valley)
Regulatory: Partner Juliane Hilf (Düsseldorf), Counsel Sascha Arnold (Hamburg), Associate Felicitas Weber (Berlin)
Finance: Counsel Nina Heym, Associate Benedikt Schwarz (both Frankfurt)
Tax: Counsel Martin Rehberg, Associate Julian Siller (both Munich)
Real Estate: Partner Gerrit Beckhaus (Hamburg), Pervez Akhtar (Dubai), Counsel Jeremiah Nelson (Silicon Valley), Associates Florian Nicolas Schröder (Hamburg), Michael Holzmannhofer (Vienna), Johan Nijmeijer (Amsterdam), Legal Consultant Tariq Saeed (Dubai)
Commercial: Partner Lutz Riede, Associate Iris Amschl (both Vienna)
