Paksoy has advised the Landis+Gyr Group on the acquisition of Luna Elektrik Elektronik Sanayi ve Ticaret. Cukur & Yilmaz reportedly advised the seller, Mustafa Karabagli.
Closing is expected by the end of 2021, pending regulatory approval.
Ladis+Gyr is a provider of integrated energy management solutions. Luna is a provider of smart metering devices for electricity, water, and heat and associated software solutions, with headquarters in Izmir, Turkey.
Paksoy’s team included Partner Nihan Bacanak and Associate Meric Sacak.