Dorda has advised China's Weichai Group on its acquisition of 51% of the VDS Group, an Upper-Austrian transmissions specialist. SCWP Schindhelm advised the sellers on the deal, which remains subject to regulatory approval. The purchase price was not disclosed.
Weichai is a Chinese group that offers products, services, and technologies in particular for commercial vehicles and construction machinery. This acquisition marks the group's entrance into the Austrian market.
The VDS Group was founded in 2009 and specializes in the development and production of transmissions, automatic drive systems, and continuously variable transmissions.
Dorda’s Digital Industries Group, led by Partners Martin Brodey and Christian Ritschka, assisted by Associate Heinrich Doczy, advised Weichai on the transaction.