Noerr has advised Magna Group company Magna Automotive Europe on the acquisition of Czech company Klein Automotive. Havel & Partners advised the sellers.
According to Noerr, "the acquisition of Klein Automotive by Magna is this year’s largest transaction in the automotive sector in the Czech Republic."
Canada-based Magna Group is a mobility technology company and automotive supplier with 347 manufacturing operations. The company has a turnover of approximately USD 40 billion and ten production sites in the Czech Republic.
Klein Automotive has a production plant in Stity, Eastern Bohemia. The company specializes in the production and supply of machined and formed metal parts for the automotive industry.
The Noerr team was led by Partner Barbara Kusak and Senior Associate Michal Janicek and included Associated Partner Petr Hrncir, Senior Associate Lucia Luptakova, Associates Barbora Safarikova and David Nemecek, and Legal Advisors Anezka Vecerova and Pavel Hrdy.
The Havel & Partners team consisted of Partner Vaclav Audes, Managing Associate Silvie Kiraly, and Paralegal Filip Pavlik.