Stuttgart, 08.10.2024 – ElringKlinger AG, an independent global supplier to the automotive industry, has sold its subsidiaries in Sevelen (CH) and Buford (USA) to the CERTINA Group. ElringKlinger’s plants in Sevelen and Buford manufacture shielding technology products for thermal and acoustic management in vehicles. The company generated revenue of approximately EUR 175 million at the two sites in 2023, with a combined headcount of around 650. This transaction is aimed at honing ElringKlinger’s corporate profile and focusing the product portfolio along the path mapped out as part of its transformation strategy. The CERTINA Group is a family-owned industrial holding company. This deal adds two strong companies to its High Temperature Solutions division. The transaction is still subject to approval from the merger control authorities. The parties agreed not to disclose further details.
A CMS team headed by lead partner Dr Christoph Lächler advised ElringKlinger AG on all legal aspects of the deal. The CMS team was supported by US law firm Barnes & Thornburg with regard to the US law aspects of the transaction.
CMS Germany
Dr Christoph Lächler, Lead Partner
Daniel Mahn, Counsel
Andreas Kazmaier, Senior Associate, all Corporate/M&A
Dr Rolf Hempel, Partner, Antitrust, Competition & Trade
Dr Marc Seibold, Partner
Dr Anja Hasselmann-Thiede, Counsel, both Banking, Finance & Insurance
Dr Martin Mohr, Partner, Tax
CMS Switzerland
Dr Stephan Werlen, LL.M., Partner
Maximilian Hauser, Associate, both Corporate/M&A
Helena Loretan, Associate, Real Estate
Inhouse at ElringKlinger AG
Dr Christof Dietborn, General Counsel
Christopher Müller-Dahl, Senior Legal Counsel
René Klein, Legal Counsel
Press Contact
presse@cms-hs.com
