Noerr has advised NEI, an Indian bearings manufacturer and exporter that is part of the CK Birla Group, on its acquisition of international bearings producer Kinex Bearings and bearing trading company Global Supply. The sellers were reportedly advised by Ernst & Young.
The acquisition includes two production plants in Slovakia with more than 1000 employees and reporting a turnover of over EUR 60 million.
According to Noerr, "the deal is in line with NEI’s strategy to augment its product portfolio, expand its geographic footprint as well as serve its existing customers better and acquire new customers."
Noerr's Bratislava team consisted of Partner Pavol Rak, Senior Associate Martin Tupek, and Associates Martin Stelcl and Martin Baraniak. Noerr's team also included German Partner Fabian Badtke, Associated Partner Sarah Blazek, and Associate Lorenz Jarass.