Baker McKenzie has advised global climate innovator Trane Technologies, a worlwide operating listed company (NYSE: TT) for innovative climate technology, on its strategic investment in Trailer Dynamics, the developer of the electrically supported "eTrailer". Trane Technologies and its brand Thermo King®, has become a strategic minority investor and cooperation partner of Trailer Dynamics, a technology innovator of eTrailers. The alliance will drive innovations that enhance efficiency and accelerate the transition to zero-emission transportation in Europe and reduce greenhouse gas emissions.
"Thanks to our cross-practice group team, we were once again able to support Trane Technologies and advised on the key legal issues of this important transaction. This transaction will help to further drive decarbonization within the commercial transportation industry and the cold chain," commented Andrea Ziegler, Corporate/M&A Partner in the Frankfurt office.
Through its strategic brands Trane® and Thermo King®, and its portfolio of environmentally responsible products and services, the company provides efficient and sustainable climate solutions to buildings, homes and transportation. Thermo King® is a global leader in sustainable transportation climate control solutions and has been providing transport temperature control solutions for a variety of applications, including trailers, truck bodies, buses, air, shipboard containers, and railway cars since 1938.
Trailer Dynamics GmbH, founded in 2018 and based in Eschweiler, has developed a solution for the installation of an additional electric drivetrain in the eTrailer. This electric auxiliary drive of the eTrailer supports the conventional tractor unit with combustion engine and thus leads to a significant reduction in diesel and CO2 emissions as well as a greater range. Trailer Dynamics' vision is to use the eTrailer to make an important contribution to the decarbonization of our economy and to sustainable, environmentally friendly logistics for long-haul trucks.
Baker McKenzie's Corporate/M&A practice regularly advises on national and international transactions. Most recently, Baker McKenzie advised AURELIUS on the acquisition of Dayco Propulsion Solutions, EQT Life Sciences on a EUR 128 million Series B2 financing of Tubulis GmbH, Knorr-Bremse AG on the sale of a majority stake in Kiepe Electric GmbH, Transcom on the acquisition of timeframe, Sika AG on the acquisition of MBCC Group from Lone Star and the sale of MBCC's concrete admixtures business to Cinven, Senwes Ltd. on the acquisition of four agricultural machinery dealers in the former East Germany, AURELIUS on the acquisition of LSG Group (LSG Sky Chefs) from Deutsche Lufthansa AG, Nokian Tyres plc on the sale of its Russian business to Tatneft PJSC, First Solar on the sale of its global O&M business to NovaSource, Fluidra on the acquisition of Meranus Group and Magna on the acquisition of Veoneer Active Safety Division.
Legal Advisor to Trane Technologies:
Baker McKenzie
Lead counsel:
Corporate/M&A: Andrea Ziegler (Partner, Frankfurt), Rouven Reuter (Associate, Frankfurt)
Team:
Antitrust & Competition: Dr. Nicolas Kredel (Partner, Düsseldorf), Dr. Florian Kotman (Senior Associate, Düsseldorf), Markus Mossmann (Associate, Düsseldorf)
Commercial & Trade: Katharina Spenner (Partner, Munich), Dr. Philipp Schütt (Counsel, Düsseldorf)
Information Technology: Patrick Wilkening (Partner, Düsseldorf), Simone Rieken (Partner, Frankfurt), Dr. Markus Hecht (Counsel, Frankfurt)
Employment: Dr. Sebastian Pfrang (Associate, Frankfurt)