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PwC Switzerland is pleased to announce that Metall Zug and Miele have signed an agreement under which Metall Zug will contribute Belimed AG and Belimed Life Science AG, and Miele will contribute the Steelco Group into a new joint venture to be established. Metall Zug will participate in the joint venture based in Zug with 33% and Miele with 67%.
The transaction is subject to the approval of the relevant authorities. The approval of the authorities is expected in the first half of 2024.
Steelco and Belimed both produce cleaning, disinfection and sterilisation solutions for hospitals, biomedical research and pharmaceutical and biotechnological applications. By combining their product and service portfolios, the two companies are aiming to become one of the most reliable, innovative, and customer-focused providers in the industry.
PwC provided buy-side due diligence support (financial, tax and pension due diligence) to Metall Zug.
The PwC team
Deals FDD
- Luca Borrelli (Partner)
- Silvan Risi (Director)
- Fu Ha (Manager)
- Ann-Kathrin Biesinger (Associate)
- Nicolas Greif (Associate)
Deals CMAAS
- Marc Seiler (Senior Manager)
Deals Tax
- Jürg Niederbacher (Partner)
- Matthias Ruesch (Director)
- Uwe Jakob (Senior Associate)
- Agnes Varga (Director)
- Manuel Ulrich (Senior Manager)
- PwC Italy
Deals Pension
- Kristi Leibur-Nagel (Director)
- Ester Lamerikx (Senior Manager)
- David Stonebanks (Manager)
- Rosaria Singarella (Associate)