Business law firm, DWF, has advised leading German manufacturer, BURG-WÄCHTER KG, on the acquisition of British company, Sterling Locks Limited.
The move has seen BURG-WÄCHTER KG acquire 100 per cent of the shares of Sterling Security Limited, the UK parent company of Sterling Locks Limited, from the previous shareholders. Sterling Locks will continue to operate as an independent company within the Group.
BURG-WÄCHTER is a renowned manufacturer of security products, whilst Sterling Locks is a national supplier of electronic and mechanical locks, door and window security, safes and cash boxes. Mark Green, partner in DWF’s corporate and commercial team, and Stephen Roberts, associate in DWF’s corporate team in Leeds acted for BURG-WÄCHTER KG.
Mark commented: “This new relationship will allow Sterling Locks, which already operates across Great Britain and Ireland, to benefit from BURG-WÄCHTER’s worldwide connections, while BURG-WÄCHTER will be able to supplement its traditional product portfolio and become a leading supplier in the UK.”
Herr Harald Lüling, joint proprietor at BURG-WÄCHTER, commented: “This is a significant strategic move for us and one that will allow the Group to further strengthen its presence within the UK market for domestic and commercial security products. DWF’s technical expertise, experience and support throughout the whole process has been invaluable, particularly their ability to explain the more complex aspects of the transaction in German.”