CMS advises Panasonic Group on integration of automotive systems business in Europe into strategic partnership with Apollo Global Management Inc.
Silicon Valley/Hamburg/Prague, 12.12.2024 - The Panasonic Group has entered into a strategic partnership with Apollo Global Management Inc., a global asset management company, with regard to its automotive systems business (brought together in Panasonic Automotive Systems Co., Ltd.).
Panasonic previously announced on 17 November 2023 that it had signed the relevant underlying agreement. The worldwide transaction was successfully completed on 2 December 2024.
An international CMS team headed by partner Dr Eckart Gottschalk and counsel Dr Charlotte Dobers-Koch advised Panasonic on all legal aspects of the transaction in relation to the European workstream. The focus was on providing corporate law advice together with the CMS law firms in the Czech Republic and Slovakia, and on project management.
Founded in 1918, the Panasonic Group is today a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, industry, communications and energy sectors. The Group reported consolidated net sales of EUR 54.12 billion (JPY 8,496.4 billion) for the year ended 31 March 2024.
Panasonic Automotive Systems Co., Ltd. is a global company with subsidiaries in eight countries. It provides advanced proprietary technologies such as infotainment systems to automakers, helping to create comfortable, safe and secure vehicles.
CMS in Germany
Dr Eckart Gottschalk, Lead Partner
Dr Charlotte Dobers-Koch, Counsel
Tjorben Drawe, Associate
Sonja Schanze, Associate (all Corporate/M&A)
CMS in the Czech Republic
Helen Rodwell, Partner
Pavel Kocián, Senior Associate
CMS in Slovakia
Pavol Kundrik, Senior Associate
Press Contact
presse@cms-hs.com
