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act legal Germany advises Nedschroef

act legal Germany, AC Tischendorf, supports Nedschroef in the acquisition of the German CPTech Group by giving advice on all matters of German law. The parties have agreed not to disclose the purchase price. The transaction still requires the approval of the antitrust authorities.

Nedschroef is the leading automotive fasteners supplier in Europe from the Netherlands with a global revenue of € 629 million in 2016. It employs about 2,000 people in 26 locations in 14 countries. CPTech is a leading component manufacturer for the automotive industry and employs about 175 people in Büren, Germany.

Dr. Matthias Müller, MBA headed the team from AC Tischendorf, which further consisted of Dr. Stephan Schwilden, MBA, Dr. Florian Wäßle, LL.M. and Fabian Brocke, LL.M.

Press release (in German language):