SSEK Legal Consultants has acted as Indonesian counsel to General Electric in connection with the acquisition by Wabtec Corporation of GE’s Transportation business. The global value of the acquisition was USD 11 billion, as has been reported.
The SSEK team advising on the transaction was led by partner Dewi Savitri Reni, with associates Nico Mooduto, Mahareksha S. Dillon, Greita Anggraeni, Juven Renaldi, Syarifah Reihana Fakhry, Hilman Febriansyah and Ridzki Putra Ramadhan.
SSEK, with DLA Piper (Singapore), assisted GE in structuring and handling the formation of the Indonesian entity to be acquired as part of the global transaction. This Indonesian entity imports and provides repair services for locomotives.
GE’s Transportation business is best known as the manufacturer of equipment for the railroad, marine, mining, drilling and energy generation industries.
SSEK Legal Consultants is a leading full-service corporate and commercial law firm based in Jakarta, Indonesia. Since its founding in Jakarta in 1992, SSEK has grown to one of the largest and most highly regarded corporate law firms in Indonesia. SSEK is recognized by independent legal directories including Chambers & Partners, The Legal 500 and Asia Law as a leading law firm in Indonesia across all major practice areas including banking and finance, capital markets, corporate law and mergers and acquisitions, construction and real estates, energy and natural resources, IT and telecommunications, labor and employment, project finance, restructuring and insolvency, and shipping. SSEK has been named the Indonesian Law Firm of the Year on multiple occasions.