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CMS Advises ABB on Acquisition of ASKI Energy

CMS Advises ABB on Acquisition of ASKI Energy

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CMS has advised Swedish-Swiss technology group ABB on its acquisition of Austrian energy optimization company ASKI Energy.

Financial details were not disclosed.

ABB is a Swedish-Swiss multinational corporation focusing on electrical equipment, robotics, and automation technology.

According to CMS, ASKI Industrie Elektronik produces automated systems for energy optimization and control that help its customers reduce their energy costs. “The acquisition of ASKI Energy expands ABB's digital energy management portfolio and accelerates the development of the digital energy services ecosystem. In addition, the acquisition enables ABB to offer new features and technologies on the market in the areas of energy optimization and control.”

CMS’ team included Partners Alexander Rakosi and Andrea Potz, Lawyers Florian Mayer, Mariella Kapoun, and Dieter Zandler, and Associates Thomas Liegl, Maximilian Uidl, and Ramona Mujanovic.

CMS did not respond to our inquiry on the matter.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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