Frauscher Engages CMS for Shareholding Structure Post-Kaynes Technology Acquisition
Deal News | Apr 10, 2025 | CEE Legal Matters
CMS has played an advisory role for Frauscher concerning the revised shareholding structure of Sensonic after Kaynes Technology, an Indian electronics manufacturer, acquired a 54% share in the company. Furthermore, the minority shareholder Sintela was advised by Wolf Theiss. Sensonic is known for its work in distributed acoustic sensing technologies in the rail industry. The CMS team consisted of Partner Sibylle Novak and Attorney at Law Thomas Aspalter, highlighting the legal framework required to navigate this significant shareholding restructuring.
Sectors
- Legal Services
- Rail Technology
- Electronics Manufacturing
Geography
- India – Kaynes Technology is an Indian listed electronics manufacturer involved in the acquisition.
- CEE Region – CMS and Wolf Theiss are likely advising from their bases in Central and Eastern Europe, indicative of the legal firms' jurisdiction.
Industry
- Legal Services – CMS and Wolf Theiss are legal advisory firms involved in advising on the shareholding structure.
- Rail Technology – Sensonic develops distributed acoustic sensing systems specifically for the rail industry.
- Electronics Manufacturing – Kaynes Technology is an electronics manufacturer acquiring a significant share in Sensonic.
Financials
- 54% – Percentage of Sensonic shares acquired by Kaynes Technology.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Frauscher | Target Company | Company | Advised by CMS regarding the shareholding structure in Sensonic. |
| Kaynes Technology | Bidding Company | Company | Listed Indian electronics manufacturer acquiring 54% of Sensonic. |
| Sensonic | Target Company | Company | Specializes in distributed acoustic sensing for the rail industry. |
| Sintela | Minority Shareholder | Company | Minority shareholder of Sensonic advised by Wolf Theiss. |
| CMS | Legal Advisor | Company | Provided legal advice to Frauscher on the shareholding structure. |
| Wolf Theiss | Legal Advisor | Company | Advised the minority shareholder Sintela. |
| Sibylle Novak | Partner | Person | Partner at CMS involved in advising Frauscher. |
| Thomas Aspalter | Attorney at Law | Person | Attorney at CMS involved in advising Frauscher. |