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February 01, 2012

Bilfinger Berger Industrial Services GmbH

Deal Brief

Bilfinger Berger Industrial Services GmbH ("BIS"), the largest German provider of repair and maintenance services for plants in the process industry and having a strong market position in Europe and US, has acquired 98% and 100% stake in Surat based companies Neo Structo Construction Limited ("Neo Structo") and Spetech Plant Equipments Private Limited ("Spetech"), respectively. Neo Structo is a public limited company in India and is engaged in the business of, inter alia, execution of mechanical engineering projects involving fabrication & erection of various pressure vessels, reactors and engineering equipment like reformers, heaters, vessels, tanks, heavy static and rotary equipments, cryogenics plants, piping and structures, etc. for Indian and international clients. Spetech is a private limited company engaged in the business of, inter alia, execution of mechanical engineering projects involving fabrication of various pressure vessels, tanks, heavy static and rotary equipments, cryogenics plants, piping and structures, etc. for Indian and international clients.

Our Role

We, at Nishith Desai Associates, acted as Indian legal and tax counsel to BIS for this transaction.

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