Home / Press / CMS advises shareholders in smk GmbH & Co. KG on sale...

CMS advises shareholders in smk GmbH & Co. KG on sale of shares to Shenzhen Kaizhong Precision Technology Co. Ltd.

07/05/2018

Stuttgart – Chinese technology group Shenzhen Kaizhong Precision Technology Co. Ltd. has acquired German automotive supplier smk systeme metall kunststoff GmbH & Co. KG, which is based in Filderstadt. In addition to all the limited partner shares and other shares in smk, the purchase includes the business premises in Filderstadt and Berga. The transaction is still subject to approval from the Chinese authorities. Closing of the deal is expected at the end of the second quarter of 2018. The parties agreed not to disclose details of the terms.

A CMS team headed by lead partner Dr Claus-Peter Fabian advised all the family shareholders in smk on all legal aspects of the transaction, together with a team from Landesbank Baden-Württemberg Corporate Finance.

Established in 1950, smk is a family-owned business based in Filderstadt near Stuttgart. It is regarded as an established solution provider to the automotive industry and other sectors. The company’s products include components for powertrain technology, control systems and industrial applications for national and international customers. The company has around 470 employees at its production sites in Filderstadt and Berga. After the transaction has completed, it will continue to be managed as an independent company within the Kaizhong Group.

Kaizhong is a global manufacturer of precision parts and components for engines and electrical control units. It is based in the Chinese city of Shenzhen. Kaizhong’s stated intention in acquiring smk is to expand its European business. The company’s product portfolio includes a range of components, such as commutators, connectors, bus bars, slip rings, fibre-proof elasticity modules, lightweight components and multi-insulated wires. Its customers come from the automotive, aviation and electrical industries, as well as companies engaged in office, building services and medical technology. The company’s shares are traded on the Shenzhen Stock Exchange.

CMS Germany

Dr Claus-Peter Fabian, Lead Partner
Peter Hocke, Counsel
Cornelius Bareiß, Associate, all Corporate / M&A
Tobias Schneider, Partner, Tax
Dr Martin Prothmann, Senior Associate, Real Estate & Public

Press Contact
presse@cms-hs.com 

Related people

Portrait ofClaus-Peter Fabian
Dr. Claus-Peter Fabian
Partner
Stuttgart
Portrait ofCornelius Bareiß
Cornelius Bareiß, Dipl.-Betriebswirt (BA)
Counsel
Stuttgart
Portrait of
Tobias Schneider
Partner
Stuttgart
Peter Hocke
Dr. Martin Prothmann
Show more Show less