ENDEMANN.SCHMIDT advises Electrovaya (Canada) in purchase of Evonik subsidiary

The Canadian Electrovaya Inc., based in Ontario, has acquired all shares in Evonik Litarion GmbH, headquatered in Kamenz, Saxony on April 29,2015. Evonik Litarion GmbH has been a 100% subsidiary of Evonik AG. In addition, Electrovaya has been granted an exclusive license regarding all intellectual property on « Separion ». « Separion » is an innovative, ceramically coated separator which had been invented and developed by Evonik.

Based on this transaction, Electrovaya has not only gained one of the most advanced and automated production plants for lithium-ion electrodes and ceramic separators but also corresponding intellectual property: Litarion owns a vast portfolio of proprietary patents on chemical cell-components for Lithium-Ion-Batteries.

Electrovaya has entered into the transaction with a strategic focus: The acquisition leads Electrovaya the path to expand into the european makets for eletric vehicles and energy storages and, at the same time, boosts poduction capacity for its proprietary technologies.

Following its decision to focus on speciality chemicals, Evonik has found in Electrovaya a strategic partner to continue Evonik’s lithium-ion business and to offer new perspectives to both employees and customers.

Consultants to Electrovaya Inc.

ENDEMANN.SCHMIDT: Dr. Harald Endemann (M&A and Labor, Munich), Gunther Schmidt (M&A, Hamburg), Dr. Markus Steinmetz (M&A, Munich), Dr. Konrad Maria Weber (Labor, Munich)

Consultants to Evonik AG

Allen & Overy (Frankfurt): Dr. Sven Prüfer (Lead Management), Dr. Asmus Mihm (Tax), Dr. Hans-Peter Löw (Labor); Associates: Simone Böhm (Corporate, Restructuring), Miray Kavruk (IP, Düsseldorf), Gunnar Harlacher (Tax)

Inhouse (Essen): Dr. Melanie Flessner, LL.M., Lars Kersebaum, LL.M. (both M&A)

Dr. Harald Endemann, Rechtsanwalt, Partner

Telefon: +49.89.2000 568 10

Gunther Schmidt, Rechtsanwalt, Partner

Telefon: +49.40.539 323 180