Debevoise & Plimpton LLP has advised Kieback&Peter, a Berlin based intelligent building automation company, in its strategic partnership with Trane Technologies, a global climate innovator.

Under the terms of the agreement, Trane Technologies will acquire a 49% interest in Kieback&Peter, with an option to assume full ownership after a three-year period. The strategic partnership includes a commercialization agreement enabling the two companies to offer highly complementary solutions to their respective customers across the EMEA region.

The investment is subject to regulatory approvals and expected to close in the coming months.

For full details, see the official release here.

The Debevoise team advising Kieback&Peter was led by partners Raman Bet-Mansour and Philipp von Holst, and included associates Christina Heil and Johanna Marniok. Antitrust advice was provided by counsel Sergej Bräuer and associate Dimitra Karakioulaki.