Bratislava, August 11, 2022 – CEE Attorneys Slovakia is pleased to announce its role in facilitating the successful acquisition of a majority stake in TTS Martin, a renowned Slovak manufacturer of cogeneration units and backup power sources, by Innogy Czech Republic.
Established in 2000 by Vladimír Korec, TTS Martin has garnered a reputation for excellence in the field of manufacturing cogeneration units and backup power sources, serving diverse industrial and commercial sectors.
In this transaction, Innogy Group has acquired an 80% stake in TTS Martin, marking a significant strategic move to expand its presence in the Slovak market. The remaining 20% stake will continue to be controlled by Ondrej Korec, son of the company’s founder, Vladimír Korec.
CEE Attorneys Slovakia facilitated every aspect of the transaction, from the due diligence process to structuring the deal and conducting negotiations leading to the successful closing of the transaction. With our expertise in corporate law and deep understanding of the Slovak business landscape, the team of CEE Attorneys Slovakia, Michal Martinák (Managing Partner) and Andrea Peleščáková (Senior Associate), ensured a seamless and efficient transaction process for all parties involved.
“We are proud to have been instrumental in facilitating this major acquisition of TTS Martin by Innogy Czech Republic,” said Michal Martinák, Managing Partner at CEE Attorneys Slovakia. “This transaction underscores the strength of Slovakia’s industrial sector and the attractiveness of its energy market to international investors. We congratulate both TTS Martin and Innogy Czech Republic on this significant milestone and look forward to witnessing the continued success of the company under its new ownership.”
CEE Attorneys Lithuania is proud to announce its participation in Web Summit 2024, one of the world's largest and most influential technology conferences, taking place from November 11 to 14 in Lisbon, Portugal. This year's event has attracted over 70,000 attendees from more than 150 countries, including 3,000 startups and 1,000 investors, making it a pivotal gathering for the global tech community.