Carlyle to acquire Flender from Siemens

The Competition Tribunal of South Africa has approved the acquisition of Flender GmbH by Zephyr German BidCo GmbH, a vehicle controlled by Carlyle, from Siemens AG. Flender supplies mechanical and electrical drive systems.

“The Tribunal has approved the large merger, without conditions, whereby Zephyr German BidCo GmbH will acquire Flender GmbH from Siemens Aktiengesellschaft.”comptrib.co.za

• 1 source
• comptrib.co.zaTRIBUNAL APPROVES INTERNATIONAL MERGER IN THE MARKET FOR GLOBAL ASSET MANAGEMENT AND THE GLOBAL SUPPLY FOR MECHANICAL AND ELECTRICAL DRIVE SYSTEMSFeb 11, 2021

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