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BPV Grigorescu Stefanica and Jones Day Advise Molex Electronic Technologies on Acquisition of Connected Vehicle Solutions Division of Laird Limited

BPV Grigorescu Stefanica and Jones Day Advise Molex Electronic Technologies on Acquisition of Connected Vehicle Solutions Division of Laird Limited

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BPV Grigorescu Stefanica, working alongside lead counsel Jones Day, advised Molex Electronic Technologies, LLC, on its December 2018 acquisition of the Connected Vehicle Solutions (CVS) Division of Laird Limited.

Molex Electronic Technologies, LLC, present in more than 40 countries, develops and manufactures electronic components such as connectors, cable assemblies, antennas, optical solutions. The company, founded in 1938, is headquartered in Lisle, Illinois, in the USA. It is part of the Koch Industries group, which bpv Grigorescu describes as "the second largest private group in America."

The Bucharest research-and-development center of Laird CVS Division, inaugurated in 2018, is focused on automotive telematics, smartphone integration, and antenna systems. According to bpv Grigorescu Stefanica, "the acquisition of Laird CVS Division was part of Molex’s strategic development, aiming to expand its automotive portfolio in order to deliver improved solutions to the automotive manufacturers developing intelligent vehicles."

The bpv Grigorescu Stefanica team, which consisted of Managing Partner Catalin Grigorescu and Senior Associate Dan Curiciuc, provided assistance on the structuring of the buyout of the Romanian CVS Division. 

BPV Grigorescu Stefanica explained that it was unable to provide details about counsel for the sellers.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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