A team led by Dr. Mathias Schröder, Partner at Heuking Kühn Lüer Wojtek's Munich office, advised Korean investor Dongkook Industries Co. on the acquisition of German automotive supplier Innovative Components Technologies GmbH (ICT). The acquisition was completed in an asset deal, with the special investment vehicle KDK Automotive GmbH acting as buyer. All shares in both of ICT's two foreign subsidiaries were acquired.
ICT GmbH is primarily a manufacturer of plastic parts for the automotive industry, with two plants in Germany and one each in Spain (Borja) and the Czech Republic (Tachov), employing a staff of about 1,300 and generating annual revenue of about EUR 200 million. Dongkook Ind. Co. has been a supplier to the automotive industry since 1955, primarily in Asian markets. The company is part of KB International Group with annual revenue of about EUR 1.5 billion.
Counsel to Dongkook Industries Co.:
Heuking Kühn Lüer Wojtek, Munich: Dr. Mathias Schröder, LL.M. (Lead), Alexander Weber, LL.M., Dr. Helge-Torsten Wöhlert (all Corporate/M&A), Dr. Stephan Degen (Insolvency Law), Dr. Reinhard Siegert (Antitrust Law), Dr. Ulrike Helkenberg (Trademark Law), Anita Bohn, LL.M. (Distribution Law and Antitrust Law), Fabian Gerstner, LL.M. (Public Law) and Steffen Wilberg (Real Estate)
Heuking Kühn Lüer Wojtek, Cologne: Prof. Dr. Martin Reufels, Kerstin Deiters, Markus Schmülling (all Employment Law)
Heuking Kühn Lüer Wojtek, Düsseldorf: Dr. Anton Horn, Sönke Popp (both IP)
The law firms of Garrigues and Kocian Solc Balastik, members of the firm's international network WSG, acted on behalf of the buyers in the acquisition of the foreign subsidiaries.