CERHA HEMPEL has advised the shareholders of Austrian firm Traktionssysteme Austria GmbH (TSA) on the sale of almost 60% of the shares in the company to the German technology group Voith and the Swiss holding company PCS Holding.

TSA is the world leading manufacturer of electric motors, generators and gearboxes for rail and road vehicles and is a competent partner for all questions related to asynchronous and perma-nent magnet drives.

CERHA HEMPEL has been advising the shareholders of TSA since their acquisition of the com-pany in 2000. Lead Counsel for the seller, Johannes Aehrenthal, is pleased to have enabled the signing of this transaction within just a few weeks despite the extremely difficult environment for the negotiation of sale and purchase agreements owing to the official restrictions put in place as a result of the COVID-19 pandemic.

The transaction is, among other things, still subject to the approval of the competent competition authorities.

The team at CERHA HEMPEL advising on the transaction included:

Dr. Johannes Aehrenthal (Lead Counsel, Partner, Corporate), Dr. Bernhard Kofler-Senoner (Partner, Merger Control), Mag. Jakob Hartig (Attorney, Corporate), Mag. Florian Mitterer (As-sociate, Corporate), and Dr. Michael Mayer (Attorney, Merger Control).


With offices in Austria, Belarus, Bulgaria, Czech Republic, Hungary, Romania and Slovakia, CERHA HEMPEL is one of Austria's largest and most renowned law firms. For more than nine decades, CERHA HEMPEL has been developing creative and groundbreaking solutions for its clients, as well as providing them with a personal service and expertise in the following areas: antitrust and competition, banking and finance, capital markets, corporate law, data protection and IT, distribution, employment law, insolvency and restructuring, IP and unfair competition, litigation and arbitration, mergers and acquisitions, private clients and trusts, private equity and venture capital, public commercial and European law, real estate and construction, tax law, and white collar crime.
CERHA HEMPEL has won numerous awards and in 2019 it was named "Austrian Law Firm of the Year" by JUVE. Furthermore, CERHA HEMPEL is a member of Lex Mundi – The World’s Leading Association of Inde-pendent Law Firms – and demonstrates its commitment to the arts as a corporate partner of the Albertina.