Schulthess Expands into France with Acquisition Supported by RWK Goodman

RWK Goodman advised Schulthess Maschinen AG on English law; Forvis Mazars advised Schulthess on French law and due diligence; Baker McKenzie advised Schulthess on Swiss financing requirements; Aaron & Partners acted for Armstrong France on English law; and Ydès Avocats acted for Armstrong France on French law. Schulthess Maschinen AG, a leading Swiss manufacturer of washing machines and dryers, has acquired Armstrong France in a cross-border transaction that extends Schulthess’s portfolio into the French market and furthers its expansion across mainland Europe. The acquisition will enable Schulthess to deploy its digital solutions and systems to a broader European customer base as part of its strategic growth plans. Integration will be carried out gradually to preserve continuity and strengthen existing customer relationships. Armstrong France, established in 2001, operates around 400 company-owned laundries across France and supplies comprehensive communal laundry solutions to operators of residential complexes, holiday resorts and care facilities. Schulthess CEO Thomas Marder said the deal provides direct access to a dynamic market with great potential and that the company’s durable, energy-efficient products and digital services will bring long-term added value to the French laundry market. Schulthess CFO Martin Keller emphasised the complexity of cross-border acquisitions and thanked the advisers who supported the transaction. RWK Goodman represented Schulthess Maschinen AG with a team composed by: John North (Partner, advised on English law); Kayleigh Tang (Solicitor, corporate); Vijay Ladhani (Senior Associate, transaction financing). Forvis Mazars represented Schulthess Maschinen AG with a team composed by: advisers on French law and due diligence. Baker McKenzie represented Schulthess Maschinen AG with a team composed by: advisers on Swiss financing requirements. Aaron & Partners represented Armstrong France with a team composed by: advisers on English law. Ydès Avocats represented Armstrong France with a team composed by: advisers on French law matters.

Schulthess Expands into France with Acquisition Supported by RWK Goodman

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads