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Announced

2 Jul 2021

TUV SUD to acquire PROSE Group's testing division.

Synopsis

TUV SUD, a provider of safety, security and sustainability solutions, agreed to acquire the testing division of PROSE Group, a mobility solutions provider. Financial terms were not disclosed.

Principals

target

Prose Group (testing Division)

bidder

Tuv Sud Group

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Market Context

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Bidder Team (3)

uwe ronsch

Head of Rolling Stock Test Centre at TUV SUD GROUP

Manager

bidder

Deal

n/a

Total Value

thomas oberst

Media Contact at TUV SUD GROUP

Manager

bidder

Deal

n/a

Total Value

stefan bauer

CEO at TUV SUD GROUP

Manager

bidder

Deal

n/a

Total Value

Vendor Team (9)

hermann ali hinderer

Partner at Heuking Kuhn Luer Wojtek

Lawyer

vendor

Deals

n/a

Total Value

christopher hexel

Partner at Heuking Kuhn Luer Wojtek

Lawyer

vendor

Deals

£ 136 M

Total Value

eric chris baumgartner

Heuking Kuhn Luer Wojtek

Lawyer

vendor

Deals

£ 24 M

Total Value

marcel behrendt

Associate at Heuking Kuhn Luer Wojtek

Lawyer

vendor

Deals

n/a

Total Value

marcel hostettler

Partner at Heuking Kuhn Luer Wojtek

Lawyer

vendor

Deals

£ 24 M

Total Value

fabian g. gaffron

Partner at Heuking Kuhn Luer Wojtek

Lawyer

vendor

Deals

£ 222 M

Total Value

jochen helmlinger

CEO at PROSE GROUP

Manager

vendor

Deal

n/a

Total Value

dominik eickemeier

Partner at Heuking Kuhn Luer Wojtek

Lawyer

vendor

Deals

n/a

Total Value

svea kunz

Associate at Heuking Kuhn Luer Wojtek

Lawyer

vendor

Deals

n/a

Total Value

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