Jenner & Block

Firm Represents Schneider Electric in Sale of Global Transportation Business

Jenner & Block represented Schneider Electric SE in connection with the execution of a definitive agreement to sell its global transportation business to Kapsch TrafficCom AG, which occurred on December 14, 2015.  Schneider’s transportation business offers an industry portfolio of integrated advanced traffic management software solutions for urban, highway and tunnel applications, as well as tolling and transit solutions.

The terms of the agreement reflect a purchase price of €35 million on a cash free debt free basis. The agreement is conditioned upon the satisfaction of certain regulatory conditions and other customary closing conditions and is expected to close in early 2016.

The team was led by Corporate Partner Mercedes M. Hill and included Corporate Partner Jeffery D. Larson and Associates Jeremy A. Casper and Brendan A. Donahue.  Other members of the transactional team included Partners Adam Petravicius, Geoffrey M. Davis and S. Tony Ling and Associates Rafi W. Mottahedeh and Shaun M. Van Horn.