A group of private investors has bought Leesys ‑ Leipzig Electronic Systems GmbH – from Unify GmbH & Co. KG. With annual sales of 185 million euros, Leesys is the second largest EMS service provider in Germany. The Leipzig site, Leesys’ only location, employs a headcount of 430 employees. The seller, Unify GmbH & Co. KG (formerly Siemens Enterprise Communications), is a joint venture of Siemens AG and the US private equity investor The Gores Group.

In combination with the transaction, two long-term manufacturing agreements were concluded, one between the seller and Leesys, another one with Leesys’s most important customer.

The Munich-based TRACC LEGAL law firm acted as advisor of the purchaser group. With Dr. Thomas Lotz (M&A) in charge, consulting also involved Dr. Thorsten Steinhaus (Manufacturing Agreements) and Matthias Beer (Corporate and Due Diligence). On behalf of the buyers, Munich-based firm Gütt, Olk, Feldhaus handled aspects of banking and finance.

The seller (Unify GmbH & Co. KG, formerly Siemens Enterprise Communications), was represented by P+P Pöllath and Partners (Dr. Frank Thiänder, Tobias Jäger) in the field of M&A; by Munich-based firm DLA Piper (Dr. Thilo von Bodungen) in the field of Manufacturing Agreements, and by Bettina Wawretschek who, within Unify’s in-house legal department, was in charge of this transaction.