Orth Kluth advises Frauenthal group on purchase of metal forging sector of Mahle group
Austrian, Vienna-based Frauenthal group acquired today 100% of the shares in Mahle Motorkomponenten GmbH, Plettenberg, from Mahle group, Stuttgart.
Mahle Motorkomponenten GmbH is the european technology leader in the development and production of welded connection rods and balance shafts for the automotive industry. The company’s two plants in Plettenberg (Nordrhein-Westfalen) and Roßwein (Sachsen) have 640 employees and an annual turnoverr of about 125 million EUR. The price of the transaction was not disclosed.
For Frauenthal group, the acquisition is a major step in making their automotive division a strategic player with attractive niche products.
The finalisation of the transaction is expected for the first quarter of 2017 and still requires consent from the antitrust authorities.
Orth Kluth has provided legal advice throughout the entire transaction for Frauenthal group, including a legal due diligence. Frauenthal’s tax advisor for the transaktion was HSMV.