SAXINGER advises KNILL Group, Invest AG, and Raiffeisen-Landesbank Steiermark on their investment in Pankl Racing Systems AG.

SAXINGER advised the KNILL Gruppe, Invest AG, and Raiffeisen-Landesbank Steiermark as an Austrian consortium on its entry into Pankl Racing Systems AG. Together, the consortium acquires two-thirds of the shares in the Styrian technology company from Pierer Industrie AG.

Completion of the transaction remains subject to the required merger control and foreign investment approvals. After closing, the ownership structure will be as follows: KNILL Group will hold one-third of the shares in Pankl Racing Systems AG, while Raiffeisen-Landesbank Steiermark and Invest AG will each hold one-sixth. Pierer Industrie AG will remain a shareholder with a one-third stake. The new ownership structure aims to further expand the company’s international market position in the high-performance segment and secure long-term growth.

The KNILL Gruppe is an internationally active Austrian industrial group based in Weiz, operating in energy, infrastructure, and manufacturing technologies, and investing long-term in innovative industrial companies. Invest AG is one of the leading private equity investors in the German-speaking region, providing equity and equity-like financing solutions for mid-sized companies. Raiffeisen-Landesbank Steiermark is the central institution of the Raiffeisen Banking Group Styria and invests in forward-looking companies to strengthen the regional economy.

The SAXINGER transaction team was led by Partners Franz Mittendorfer and Sebastian Hütter, who advised the investor consortium on all legal aspects of the participation.

The seller side was advised by Oberhammer Rechtsanwälte.