Advising Portuguese automotive supplier on acquisition of interests in a subsidiary of Schmolz + Bickenbach
The Portuguese automotive supplier Sodecia S.A. with headquarters in Maia acquired 50 % of the interests in the FSG Automotive Group. The FSG Automotive Group with headquarters in Oelsnitz develops and manufactures high-precision gear and shaft components as well as fine-blanked parts, in particular for well-known German automotive manufactures. It consists of certain group companies and is also represented on the Chinese market. The FSG Group currently employs approximately 650 people.
Sodecia is one of the leading Portuguese automotive suppliers. Through its Brazilian plants, Sodecia has high profile in the South American market. It acquired the interests in the FSG Automotive Group from Schmolz + Bickenbach Beteiligungs GmbH, which is the majority shareholder of the today’s world's largest manufacturer, processor and distributor of special steel long products, who is Schmolz + Bickenbach AG. Sodecia and Schmolz + Bickenbach Beteiligungs GmbH will operate the FSG Automotive Group as a joint venture.
Counsel to Sodecia S.A.:
Heuking Kühn Lüer Wojtek, Düsseldorf:
Dr. Hans Gummert, Ulrike Gantenberg, Dr. Martin Imhof (Corporate, M & A), Christoph Hexel (Labour Law), Dr. Rainer Velte, Beatrice Stange (Cartel Law).
Lopes Cardoso & Associados, Porto, Portugal:
Miguel Lopes Cardoso