Advising Invest AG on its entry into System 7-Group.

SAXINGER 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.

Dr. Franz Mittendorfer
Lawyer

"We are exceptionally pleased that Invest AG has relied on our expertise for this important step in its further expansion."

Team
Dr Maximilian Gumpoldsberger MMag Sebastian Hütter Mag Elisabeth Forstner
Project details

System 7 Group

Details:

Development, construction, production and distribution of equipment and machines for the railway and related industries

Annual turnover: EUR 10 million

Number of employees: 55

INVEST AG

Details:

Holding company of the Raiffeisen Banking Group Upper Austria; Private Equity Fund

Fund volume: EUR 180 million

Press release

23.01.2020