29.10.2018
[Cologne, ] GÖRG Partnerschaft von Rechtsanwälten mbB has advised KATHREIN under the lead management of partner Dr. Oliver von Rosenberg and associated partner Dr. Andrea Zimmermann on the sale of the automotive division to the technology company Continental.
The law firm GÖRG was included in the mandate via Ziems & Partner. M&A partner Dr. Oliver von Rosenberg has already worked with Ziems & Partner in his former law firm Freshfields Bruckhaus Deringer on various transactions. These included the sale of Ratiopharm and the restructuring of the IVG Group and the Pfleiderer Group.
With more than 1,000 employees at a total of eight locations in Brazil, China, Germany, Mexico, Portugal and the USA, Kathrein Automotive GmbH is a specialist in transmission and reception systems for vehicles. The sale of the Automotive division represents a further milestone in the restructuring and strategic realignment of the KATHREIN Group. The purchase agreement was signed today; completion of the transaction is subject to the approval of the antitrust authorities and is expected to take place in the first quarter of 2019.
Advisors KATHREIN
GÖRG Partnerschaft von Rechtsanwälten mbB
Dr. Oliver von Rosenberg, LL.M., Partner, Corporate/M&A, Cologne
Dr. Andrea Zimmermann, Associated Partner, Corporate/M&A, Cologne
Ursula Lier, Associate, Corporate/M&A, Cologne
Dr. Kerstin Goeck, Associate, Corporate/M&A, Cologne
Dr. Katja Kuck, Partner, IP/IT, Cologne
Dr. Katharina Landes, Counsel, IP/IT, Cologne
Dr. Adalbert Rödding, LL.M., Partner, Tax, Cologne
Dr. Holger Dann, LL.M, Counsel, Tax, Cologne
Dr. Martin Stockhausen, Partner, Restructuring, Cologne
Dr. Christian Bürger, Partner, Antitrust, Cologne
Dr. Marcus Richter, Partner, Labour, Cologne
Inhouse
Mike Tschirschwitz, General Counsel
In addition to providing transaction advice, Freshfields Bruckhaus Deringer has advised on the tax structure and Allen & Overy on the financial structure.
Advisors Continental
Shearman & Sterling
About KATHREIN
The KATHREIN Group is a specialist for reliable, high-quality communication technology. The company is an innovation and technology driver in today's networked world. Thanks to KATHREIN's solution and service competence, people can communicate worldwide, obtain information and use media - whether at home, in the office or on the move. The group covers a broad spectrum: from mobile radio, RFID and special solutions to satellite reception and broadcasting technology to transmission and reception systems in vehicles. As a hidden champion and family business, KATHREIN has been working on tomorrow's technologies since 1919.
About Continental
Continental develops groundbreaking technologies and services for the sustainable and networked mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. Continental achieved sales of 44 billion euros in 2017 and currently employs more than 243,000 people in 60 countries.
In the Interior Division, everything revolves around information management in the vehicle and beyond. The product range for various vehicle categories includes instruments, multifunction displays and head-up displays, control units, access control and tire information systems, radios, infotainment and operating systems, climate control units, software, cockpits as well as solutions and services for telematics and intelligent transport systems. Interior employs over 46,000 people worldwide and achieved sales of 9.3 billion euros in 2017.
About Kathrein Automotive GmbH
Kathrein Automotive GmbH is one of the pioneers in transmitting and receiving systems for vehicles. The range of solutions includes automotive antenna systems for mobile radio services of all global standards, satellite signal processing for positioning systems and digital radio services as well as digital and analogue signal processing for terrestrial broadcasting services.
