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Dorda and Gleiss Lutz Advise Miba on Joint Venture with Zollern

Dorda and Gleiss Lutz Advise Miba on Joint Venture with Zollern

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Dorda and Gleiss Lutz have advised Austria's Miba, a strategic partner of the international engine and automotive industry, on its entrance into a joint venture with German metal processor Zollern.

Under the agreement, Miba holds 74.9 percent of the joint venture (which began operating under Miba's leadership on October 1, 2019), and it contributes five engine bearings production sites, while Zollern holds one engine bearing plant and two industrial bearing plants.

According to Dorda, "the aim of the new company is to expand further solutions for the use of renewable energies, such as new engine bearing technologies for wind energy, by bundling expertise in research and development."

The Dorda team was led by Partners Martin Brodey and Heinrich Kuhnert.

The Gleiss Lutz team involved was led Partner Matthias Karl and Counsel Philipp Pichler, with the help of Counsels Alexandra Bruch, Rheud Gaiser and Patrick Gruner and Lawyers Johannes Hartfelder and Sebastian Kohler.

Dorda did not reply to our inquiry on the matter.