Krones AG (XTRA:KRN) agreed to acquire 26% stake in Klug GmbH for €5 million on January 9, 2013. An option to acquire a majority of the stock of Klug has been contractually guaranteed. In 2011, Klug GmbH achieved a turnover of about €25 million.

The agreement is subject to approval by the German anti trust regulators. Stefan Schunck and Saskia Rücker acted as inhouse advisors for Krones AG. Dirk Stiller, Denis Bacina, Clemens Maschke, Ivo Dreckmann, Christina Maurer, Thilo Renz, Tim Steininger, Christian Berg, Jan-Peter Ohrtmann, and Thomas Scharpf of PricewaterhouseCoopers Legal Aktiengesellschaft Rechtsanwaltsgesellschaft and Christoph Peter of Schulte Riesenkampff acted as legal advisors and PricewaterhouseCoopers acted as accountant for Krones AG.