Schoenherr has advised France's Thales Group on its July 24, 2019 acquisition of insolvent motor manufacturer Steyr Motors GmbH. Grassner Lenz Thewanger & Partner reportedly advised the unnamed seller on the deal, which remains subject to the approval of the Austrian Federal Competition Authority.
The Euronext Paris-listed Thales Group designs and builds electrical systems and provides services for the aerospace, defense, transportation, and security markets. The company is headquartered in Paris and operates in 68 countries.
Austria's Steyr Motors specializes in the production of diesel engines. It was part of Steyr Daimler Puch and Magna before it was made independent by a group of investors in 2001.
The Schoenherr team was co-led by Partners Wolfgang Holler and Miriam Simsa and included Partners Franz Urlesberger, Michael Woller, Guido Kucsko, and Bernd Rajal, Counsel Ayla Ilicali, Attorneys-at-Law Dominik Hofmarcher and Marco Thorbauer, and Associates Philipp Wetter, Philipp Kalser, Nina Zafoschnig, and Karin Pusch.