Heuking Kühn Lüer Wojtek advises AL-KO KOBER SE on the deal
AL-KO KOBER SE technology group finalized the acquisition of hinge technology specialist WITTE Stromberg GmbH, a subsidiary of WITTE Automotive, the automotive supplier for vehicle access systems. AL-KO KOBER takes over WITTE Stromberg together with a consortium of buyers including Endurance Capital AG and a private investor. With the acquisition of this renowned supplier, AL-KO KOBER intends to expand its activities in the automotive sector and grow further.
The acquisition consortium takes over the German production site in Stromberg in Rhineland-Palatinate, the hinge production site in Bulgaria (Ruse), and the production facilities in China (Taicang near Shanghai).
With its Gardentech, Air Treatment, and Automotive divisions, AL-KO KOBER GROUP is one of the global players among German medium-sized companies. The company was founded in 1931 by Alois Kober as a metalworking shop in Kötz near Augsburg. The traditional family-owned company is now operating worldwide.
WITTE Stromberg manufactures hinges for the automotive industry that are used in vehicle doors, tailgates, or bonnets. As part of the spin-off of WITTE Automotive, the company will change its name to Prinz Kinematics GmbH and thus return to its former brand name.
Heuking Kühn Lüer Wojtek advised AL-KO KOBER SE with a team including Boris Dürr (Picture/M&A),m Daniela Szczesny (Corporate/M&A), Reinhard Siegert (Antitrust), Peter Schäffler (Tax), Christian Schild, LL.M. (Corporate/M&A) and Ruth Schneider (Antitrust).
Involved fees earner: Boris Dürr – Heuking Kühn Lüer Wojtek; Daniela Szczesny – Heuking Kühn Lüer Wojtek; Christian Schild – Heuking Kühn Lüer Wojtek; Reinhard Siegert – Heuking Kühn Lüer Wojtek; Ruth Schneider – Heuking Kühn Lüer Wojtek; Peter Schäffler – Heuking Kühn Lüer Wojtek;
Law Firms: Heuking Kühn Lüer Wojtek;
Clients: AL-KO Kober AG;