Fuchs SE (XTRA:FPE3) signed an agreement to acquire Lubricant Consult Gmbh (Gesellschaft FÜR Schmier- Und GrenzflÄChenaktive Stoffe) from a family on April 22, 2024. The LUBCON Group employs 211 people, 180 of whom work in EMEA, 20 in Asia-Pacific and 11 in the Americas. In the financial year 2023, the company generated sales revenues of around ?40 million.

The transaction is subject to the approval of the antitrust authorities. The parties expect the transaction to be completed in the third quarter of 2024. Moritz Maurer of Niederer Kraft Frey acted as legal advisor to FUCHS SE on the acquisition.

Nicolas Ott and Jan Friedrichson of SZA Schilling, Zutt & Anschütz acted as lead counsel in the acquisition.