Gleiss Lutz advised the Bosch Group and the MAHLE Group on the sale of the joint venture Bosch Mahle Turbo Systems (BMTS) to FountainVest. The parties have agreed not to disclose the purchase price. The transaction is subject to approval by the respective antitrust authorities.
With a total of around 1,300 employees, BMTS develops and produces turbochargers for a number of renowned manufacturers of passenger and utility vehicles. BMTS has two sites in Germany (Stuttgart and Blaichach) as well as production plants in St. Michael, Austria and Shanghai, China.
Gleiss Lutz advised extensively on the transaction and coordinated an international team of advisors in China and Austria.
In the Bosch Group’s legal department the transaction was primarily handled by Dr. Holger Fröhlich, Dr. Ulrich Zeller and Matthias Geiger.
For the MAHLE Group’s legal department, the transaction was coordinated by Jörg Kiefer and Dr. Matthias Zick.
Led by Dr. Jochen Tyrolt (Stuttgart) and Dr. Ralf Morshäuser (Munich, both partners, corporate/M&A), the Gleiss Lutz team was made up of the following lawyers: Dr. Jörn Wöbke (partner, Hamburg), Johannes Schrägle, Anselm Christiansen, Sava Kasaliyski (all Stuttgart), Dr. Tobias Falkner (counsel), Dr. Johannes Wittmann, Lucie von Haller (all Munich, all corporate/M&A), Dr. Alexander Molle (counsel), Matthias Schilde (both Berlin), Dr. Herwig Lux (counsel), Christopher Noll (both Stuttgart, all IP/IT), Dr. Steffen Krieger (partner, employment, Düsseldorf), Dr. Achim Dannecker (partner), Dr. Michael Rudolf, Dr. Markus Risse (all tax, Stuttgart), Dr. Matthias Karl (partner), Dr. Philipp Pichler, Dr. Johannes Hertfelder, Sven Haag (all competition/antitrust, Stuttgart), Dr. Alexander Nagel (Düsseldorf, restructuring), Frank Schlobach (partner, finance, Frankfurt), Dr. Philipp Naab (counsel, real estate, Frankfurt), Dr. Jacob von Andreae (partner, public law, Düsseldorf).
Advising companies in the automotive and automotive supplier industry on all areas of business law is a core competence at Gleiss Lutz. For example, the firm advised the Bosch Group on its acquisition of ITK Engineering AG as well as on the worldwide carve-out and sale of Bosch Rexroth’s pneumatic business. Gleiss Lutz has been advising the MAHLE Group on various legal areas for years.
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