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CMS Hasche Sigle also advises Maxcor on acquisition of Ex-Cell-O group from IWKA AG

28/02/2006

The US company Maxcor Inc., based in New York has taken over the Ex-Cell-O group from IWKA AG. This increases Maxcor's portfolio of providers of automotive production solutions to eleven. A team from CMS Hasche Sigle led by Dr Jochen Lamb, partner in the Stuttgart office, advised Maxcor on the transaction – as was the case with the acquisition of the Metal Cutting group from ThyssenKrupp a few months ago. Ex-Cell-O, a global manufacturer of machine tools and tooling systems, specialises in production solutions for automotive chassis and drive components. The purchase affects operations in five countries – Germany, USA, UK, France and China. In the 2005 financial year the Ex-Cell-O group generated turnover of approx. USD 190 million. Details of the purchase price were not disclosed.

The purchase is part of Maxcor's overall strategy to create a leading global group of companies for engineering, production and customer service. This transaction boosts the turnover of the Ex-Cell-O group to around USD 1.2 billion. The group now ranks among the top five manufacturers of machine tools worldwide.


Advisers to Maxcor Inc.

CMS Hasche Sigle
Dr Jochen Lamb - partner (lead partner, corporate)
Dr Antje Becker - partner (corporate, due diligence coordination)
Vladimir Cutura - associate (corporate, due diligence)
Dr Angelika Thies - partner (tax)
Dirk Loycke - partner (commercial contracts)
Dr Wolfgang Bartels - associate (commercial contracts)
Dr Klaus Heuvels - partner (real estate, environment)
Dr Klaus Ikas - partner (IP)
Martin Gerlach - associate (IP)
Dr Werner Walk - partner (employment)
Efstratios Kostoglou - associate (employment)
Dr Peter Ruby - partner (corporate finance)
Dr Marc Seibold - associate (corporate finance)
Dr Harald Kahlenberg - partner (anti-trust)
Dr Rolf Hempel - associate (anti-trust)
Dr Axel Funk - partner (IT/transitional services)
Dr Hermann Lindhorst - associate (IT/transitional services)


Contact CMS Hasche Sigle:

Dr Jochen Lamb
Tel.: +49 (0)711 / 9764-262
E-mail: [email protected]


About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 420 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Prague.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading European law firms. With over 575 partners, a total of 2,000 lawyers and tax consultants and around 3,800 support staff we advise our clients in 24 countries in Europe and further afield on legal and tax issues.

Local strength, legal and tax advice tailored to the requirements of the market combined with a substantial amount of business and organisational integration form the basis for high-quality international legal advice.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 24 countries in Western and Central Europe, North and South America, Asia and North Africa.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see www.cmslegal.com .

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