Advising Invest AG on its entry into System 7-Group.
SCWP Schindhelm advised IAG Industries GmbH, a subsidiary of Invest Unternehmensbeteiligungs Aktiengesellschaft (Invest AG), a member of the Raiffeisenlandesbank Oberösterreich AG group, on all legal aspects of its entry into the System 7 Group.
Specifically, IAG Industries GmbH is participating in System 7 - Railsupport GmbH and System 7 Railtechnology GmbH. The entry is made by means of a capital increase in both companies, after which IAG Industries GmbH holds 10% of the share capital in each case.
The System 7 Group, with its production site in the Upper Austrian Salzkammergut region, is active in the development, production and sale of track-laying machines and has become a competitor of the world market leader Plasser & Theurer in recent years.
"We are exceptionally pleased that Invest AG has relied on our expertise for this important step in its further expansion."
System 7 Group
Development, construction, production and distribution of equipment and machines for the railway and related industries
Annual turnover: EUR 10 million
Number of employees: 55
Holding company of the Raiffeisen Banking Group Upper Austria; Private Equity Fund
Fund volume: EUR 180 million