Schoenherr has advised Joachim Exner – the insolvency administrator of Dr. Schneider's Group – on the sale of its business to the Samvardhana Motherson Group for EUR 118.3 million. Friedrich Graf von Westphalen advised Motherson. DZP and Ashurst reportedly advised the sellers.
The acquisition aligns with Motherson Group's vision to strengthen its foothold in the automotive components sector, Schoenherr announced. "This acquisition on the Polish market is strategically positioned to enhance the group's capabilities and market share within the automotive supply chain."
The Samvardhana Motherson Group is a wholly-owned subsidiary of India's Samvardhana Motherson International Limited. The Motherson Group is represented in 41 countries.
Dr. Schneider's Group is a German supplier of electronic components and polymer systems for brands such as Jaguar, Audi, Maserati, and Daimler. It has 4,500 employees across seven production plants in Germany, Spain, Poland, the US, and China.
The Schoenherr team was led by Partner Pawel Halwa and included Counsels Krzysztof Wawrzyniak and Daniel Radwanski and Attorney at Law Hanna Kosinska.
