Khaitan & Co advised Delachaux S.A. on the Indian law aspects of the sale of its shares in Frauscher Sensor Technology Group GmbH (Austria) to Wabtec Corporation for an enterprise value of EUR 675 million. Frauscher Sensor Technology Group GmbH is a global leader in train detection and axle counting systems. Baker McKenzie acted as the global counsel to Delachaux S.A. on this transaction, while Khaitan & Co assisted on the Indian law aspects.
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The core team consisted of Atul Pandey (Partner), Arjun Bhagi (Partner), Shivansh Mehta (Senior Associate) and Mehul Mehta (Associate).