Stibbe advises the SCHMID Group

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Stibbe, together with Gleiss Lutz, has advised the SCHMID Group on its business combination with Pegasus Digital Mobility Acquisition Corp. and listing on NASDAQ.

The business combination, first announced on 31 May 2023, was completed on 30 April 2024 and the combined group started trading on NASDAQ on 1 May 2024 under the name SCHMID Group N.V. The SCHMID Group is a leading global solutions provider for the high-tech electronic, photovoltaics, glass and energy systems industries. 

Founded in 1864 and headquartered in Germany, the SCHMID Group employs more than 800 staff members worldwide, and has technology centres and manufacturing sites in multiple locations including Germany and China, in addition to several sales and service locations globally. The solutions provided by the SCHMID Group are underpinned by a commitment to sustainable innovation, with its R&D geared to help customers achieve their CO2 neutrality targets and greener manufacturing.