30 August 2013

MeteoGroup



MeteoGroup, Europe’s largest private sector weather business and wholly owned subsidiary of PA Group, has reached agreement to buy mminternational (Europe) AG (formerly meteomedia), a major Swiss-German weather company. The agreement will see MeteoGroup expand its global operations to 14 countries, making it one of the largest weather companies in the world with almost 400 employees and combined annual turnover of more than €50 million. As part of the agreement, MeteoGroup will also enter into a joint venture, mminternational (Asia) Ltd, to develop business opportunities in the Asian market, where both MeteoGroup and mminternational (Europe) are already active. The closing of the transaction remains subject to clearance by the German antitrust authoritites.

Walder Wyss has acted as legal advisor to the sellers in the above transaction. The team was led by Markus Vischer (Partner, Corporate/M&A) and included Lucas Hänni (Managing Associate, Corporate/M&A), Reto Jacobs (Partner, Antitrust), Katrin Park-Speck (Associate, Corporate), Ralph Imoberdorf (Associate, Corporate), Fabienne Claudon (Associate, Corporate) and Fabian Glässer (Trainee, Corporate).

News

News

30 August 2013

MeteoGroup

MeteoGroup, Europe’s largest private sector weather business and wholly owned subsidiary of PA Group, has reached agreement to buy mminternational (Europe) AG (formerly meteomedia), a major Swiss-German weather company. The agreement will see MeteoGroup expand its global operations to 14 countries, making it one of the largest weather companies in the world with almost 400 employees and combined annual turnover of more than €50 million. As part of the agreement, MeteoGroup will also enter into a joint venture, mminternational (Asia) Ltd, to develop business opportunities in the Asian market, where both MeteoGroup and mminternational (Europe) are already active. The closing of the transaction remains subject to clearance by the German antitrust authoritites.

Walder Wyss has acted as legal advisor to the sellers in the above transaction. The team was led by Markus Vischer (Partner, Corporate/M&A) and included Lucas Hänni (Managing Associate, Corporate/M&A), Reto Jacobs (Partner, Antitrust), Katrin Park-Speck (Associate, Corporate), Ralph Imoberdorf (Associate, Corporate), Fabienne Claudon (Associate, Corporate) and Fabian Glässer (Trainee, Corporate).