Austria: Schoenherr advises voestalpine on foundation of technology joint venture for production of TransAnt
Schoenherr successfully advised voestalpine Stahl GmbH on the establishment of a joint venture with the ÖBB Rail Cargo Group for the production of the TransAnt – an innovative platform car. The 50/50 joint venture which aims to further combine the activities of both companies to additionally enhance the jointly developed TransAnt platform car is now entering a preparatory phase.
"This joint venture offers the ideal legal framework for the further development of this innovative technology project. We are pleased to have advised voestalpine on this important milestone," says partner Thomas Kulnigg.
TransAnt is an innovative platform car that resulted from a cooperation between the steel division of voestalpine and ÖBB Rail Cargo. voestalpine supplies a complete system of steel components of highest strength and corresponding welding technology, which contributes significantly to the weight reduction and flexibility of the platform car. This results in a payload advantage of up to four tons per wagon.
The cross-border Schoenherr team was led by partner Thomas Kulnigg and also consisted of Franz Urlesberger (partner); Christoph Haid (partner); Michael Woller (partner); Johannes Stalzer (counsel); Johannes Frank (attorney at law); and Michael Stimakovits (attorney at law). Pawel Kulak (attorney at law) advised on merger clearance in Poland. The advice regarding Merger Control in Germany was provided together with Gleiss Lutz.
ÖBB Rail Cargo Group was advised by Binder Grösswang. The team was led by Christian Zwick (partner) and Moritz Salzgeber (attorney at law).