CMS Belgrade assists PWO Group in its expansion to Serbia

CMS Belgrade has been assisting PWO Group, a prominent global technology leader specializing in advanced metal components and complex subsystems for the mobility industry, in expanding its toolmaking capacities in Serbia, as the majority of PWO Group's key Tier I customers have already established production sites in Serbia and are actively expanding their operations in the region. 

PWO Group has acquired assets from Gorenje MDM d.o.o. in Kragujevac, Serbia, a company with more than 70 years of experience in tools development and toolmaking for customers that include leading names in the international mobility industry. This investment allows PWO Group to establish itself in a region with a rich industrial history and cater to the growing demand for powerful tools for sheet metal cold forming.

Our team of expert lawyers, led by Radivoje Petrikić, Partner CMS Vienna and Managing Partner CMS Belgrade, and Maja Stepanović, Corporate/M&A Law Partner, with the support of senior attorneys Sandra Miljanić and Tamara Zejak, and associate Teodora Vujošević, has provided PWO Group with comprehensive legal support during their entry into the Serbian market, delivering advice on a wide range of corporate matters, including the acquisition of assets of Gorenje MDM, as well as on real estate and employment matters. 

We congratulate PWO Group on this significant investment in Serbia.