Deal Ticker: Novartis hands over the Life-Science-Park Rhine Valley to GETEC Switzerland.
GETEC Switzerland, the platform of a leading European energy supplier and contracting specialist GETEC Group, becomes the new owner and operator of the properties and infrastructure facilities of the Life-Science-Park Rhine Valley and takes over employees working in these areas from the previous owner, Novartis.
The Life-Science-Park Rhine Valley is located in Stein, Aargau, and is part of the "Sisslerfeld" development focus in the canton of Aargau with an estimate of between 10,000 and 15,000 people employed there by 2040. GETEC Switzerland intends to use the park’s great potential to attract more businesses and to expand the services ad workforce for the park’s operation contributing to the further economic development of the region. The acquisition is expected to be completed before the end of the year. The purchase price was not disclosed.
Kellerhals Carrard acted as legal advisor to GETEC Switzerland on this transaction. The team of Kellerhals Carrard was co-led by Nicolas Mosimann and Marc Hanslin (both Corporate/M&A) and comprised Sophie Holdt, Marius Gröteke, Anna Laishevtseva, Jan Borer and Alessandro Samà (all Corporate/M&A), Philipp A. d’Hondt and Livio Marelli (both Real Estate), Isabelle Romy and Denise Wohlwend (both Environment), Christoph Jäger, Susanna Baumgartner, Thomas Geiger, Gregor Bachmann (all Regulatory), Daniel Emch (Anti-Trust), Marco Sibold (Taxes), Milena Grob (Operations), Daniel Staehelin (Insolvency) as well as Pascal Grolimund (Insurance).