01 October 2019

Visionmax acquires Zuse Hüller Hille Werkzeugmaschinen out of insolvency

King & Wood Mallesons (KWM) has advised Visionmax Germany GmbH (Visionmax), which will operate under Hüller Hille GmbH in future, on the acquisition of the business operations of Zuse Hüller Hille Werkzeugmaschinen GmbH (ZHH) out of insolvency. 

On 1 October 2019, following the successful completion of the regulatory proceedings both in Germany and China, the business operations were transferred with effect from 1 June 2019.

The assets of ZHH, a company based in Mosbach (Germany), were transferred to KWM’s client Visionmax, a subsidiary of Visionmax Asset Management Co. Ltd. The Chinese investment service provider was founded in 2011 and offers services such as investment consulting and asset management as well as the provision of investment strategies and implementation of such investments.  

ZHH has been manufacturing premium quality machine tools since 1947. The product range includes high-quality horizontal 4- and 5-axis machining centres as well as the vertical centre NBV 700 in modular machine design. ZHH products are used in the automotive industry among others.

At the beginning of April 2019, ZHH filed for insolvency. Mr Marcus Winkler from BBL Bernsau Brockdorff was appointed as insolvency administrator. Visionmax acquired ZHH out of insolvency and has been supporting the company financially since June 2019 in order to maintain business operations. Visionmax sees great potential in the mechanical engineering sector and enormous opportunities for further development of ZHH. Furthermore, there is a high demand for the products of ZHH in the Asian market, so that Visionmax is optimistic about the future with ZHH. 


Advisors Visionmax Germany GmbH:

Hui Zhao (partner), Dr. Sandra Link (partner), Dr. Tilmann Becker (counsel | AWG key contact), Dr. Xianrui Wang (associate), Stephan Klein (associate), Dr. Katrin Thoma (associate), Heling Zhang (PSL) (all Corporate/M&A), Dr. Johannes Reitzel (counsel, Employment)


Media Contact

Share on LinkedIn Share on Facebook Share on Twitter Share on Google+
    You might also be interested in

    KWM has advised the shareholders of Vdynamics GmbH on the sale to Formel D GmbH.

    01 November 2019

    KWM has advised EFESO Consulting, the global leader in operational excellence consulting, on the acquisition of Milet Dynamics.

    24 October 2019

    KWM advised Magical Honour Limited on the acquisition of the distribution chain Matratzen Concord from the Dutch company Beter Bed Holding N.V.

    15 October 2019

    KWM has advised the shareholders of NVT AG on the sale to Blue Sail Medical Co., Ltd.

    04 October 2019

    You may also be interested in...

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.