Milbank advised DEUTZ on the acquisition of all shares in Frerk Aggregatebau GmbH. Following the integration of US generator sets manufacturer Blue Star Power Systems in 2024, DEUTZ will create a globally scalable portfolio for decentralized energy supply with its acquisition of Frerk. Completion of the transaction is subject to the usual provisos, particularly approval from the antitrust authorities, and is expected to take place in the first quarter of 2026.
Frerk Aggregatebau GmbH, which has seven sites in Germany and is headquartered in Northern Germany, is a leading European provider of high-end emergency power systems that are primarily used in critical infrastructure such as data centers.
DEUTZ AG has evolved in recent years from a manufacturer of conventional engines into a system provider for innovative and sustainable mobility and energy solutions. With around 1,000 sales and service locations in over 120 countries, DEUTZ offers its customers an integrated range of products and services from a single source. DEUTZ employs more than 5,500 people worldwide and generated revenue of approximately €1.8 billion in 2024.
The Milbank team advising DEUTZ on this acquisition was led by partner Martin Erhardt (Corporate/M&A) and included partner Thomas Kleinheisterkamp (Tax), special counsel Michael Pujol (Corporate/M&A) and Gerrit Merkel (Finance) as well as associates Thomas Vogl, Jonathan Grumann (both Corporate/M&A), Miriam Arimond (Finance), Jan Maas (Antitrust) and Christoph Wolf (Tax).
