Stabilus’s Acquisition of a controlling stake in New Clevers S.A.

EY Law and Caplan & Asociados advised on the transaction

Stabilus S.A. (ISIN: LU1066226637), one of the world’s leading suppliers of gas springs, damping solutions and electromechanical drives for motion control, executed the acquisition of General Aerospace GmbH and CLEVERS S.R.L., from its respective founders.

The acquisitions aim at strengthening Stabilus’ motion control and vibration & velocity control offering for its industrial customers.

General Aerospace is a recognized supplier of motion control solutions for the aerospace industry.

Clevers is a South American manufacturer of gas springs and dampers.

The parties have agreed to confidentiality regarding financial details of the transactions.

Clevers, headquartered in Buenos Aires, Argentina, is a manufacturer of gas springs and dampers with a focus on industrial clients, e.g. from the agricultural, engineering and transport sectors.

The company is currently focused on the South American markets, generating revenues of approx. one million EUR in fiscal 2018. With the acquisition of Clevers, Stabilus will strengthen its footprint in South America and increase its offering to local customers.

EY Law (Argentina), through Partner Jorge Garnier, Senior Associate Pablo Bisogno and Associates Laila Yu and Agustina Risso, acted as Stabilus’ legal advisers.

Riskin family was legally advised by Caplan & Asociados law firm, through its Partner Ariel Caplan.

Involved fees earner: Ariel Caplan – Caplan & Asociados; Pablo Bisogno – EY Law; Jorge Garnier – EY Law;

Law Firms: Caplan & Asociados; EY Law;

Clients: New Clevers S.A.; Stabilus S.A. ;

Author: Ambrogio Visconti.