Wolf Theiss advised U-Power Group on acquisition of CERVA Group
Wolf Theiss’ multi-jurisdictional team advised U-Power Group, a leading European player in the safety footwear and workwear market, on its acquisition of 100% of the share capital of CERVA Group, one of the major European providers of personal protective equipment (PPE).
Working alongside Italian law firm Legance, the Wolf Theiss team provided fully integrated, cross border legal support, coordinating all aspects of the transaction – including corporate, financing and competition – across six jurisdictions: Austria, Czech Republic, Hungary, Poland, Romania and Slovakia.
The transaction marks a strategic milestone for both companies, establishing a pan European powerhouse operating in more than 60 markets. Following this acquisition, the combined group achieves annual revenues approaching EUR 500 million, positioning it among the most influential players in the European PPE and workwear industry.
U-Power Group is a recognised as a European leader in the manufacturing of safety footwear and workwear, known for technologically advanced and design driven work shoes engineered for professional use, operating in more than 50 countries, with a strong presence in Central, Eastern and Northern Europe.
CERVA Group is a leading European supplier of personal protective equipment (PPE), founded in 1991 in the Czech Republic. The company has grown from a small local business into a pan European PPE provider with operations in more than 14 countries today.
The multi-jurisdictional Wolf Theiss team advising U-Power on this transaction was coordinated by the Wolf Theiss office in the Czech Republic.
In Romania the team consisted of Cornelia Postelnicu (Counsel), Marius Moldoveanu (Associate, both Corporate/M&A), Smaranda Văcaru (Senior Associate, Banking & Finance), Andreea Zvâc (Partner, Dispute Resolution), Roxana Roman (Partner, Real Estate), Ioana Iacob (Senior Associate, Employment) and Anca Jurcovan (Partner, Competition & Antitrust).
