Binder Groesswang has advised NKMS Holding on the acquisition of Austrian and Czech subsidiaries of the German-based Gienanth Group. Baker McKenzie advised Gienanth Group.
The transaction remains contingent on regulatory approval
NMKS Holding operates several companies in the metal industry and is based in Vienna. According to Binder Groesswang, "Gienanth Steyr Guss and its subsidiaries Gienanth Steyr MBA, based in Steyr, Austria, and Gienanth Czechia, based in Kaplice, Czech Republic, are being transferred. The integration of the foundries in Steyr and the further processing in Kaplice is an excellent strategic fit with the existing foundry and manufacturing activities of NKMS Holding."
The Gienanth Group was founded in 1795 as a hammer mill. Today, the Gienanth Group is a foundry group specializing in the production and finishing of iron castings using machine and hand molding processes.
The Binder Groesswang team included Partners Andreas Hable, Horst Lukanec, Christian Wimpissinger, and Christine Dietz, Counsels Sabine Apfl-Trompeter and Johannes Bammer, Senior Associates Simona Chwala and Max Danzinger, and Associates Roman Zaufl and Larissa Wagner.
The Baker McKenzie team included Counsel Philipp Stanek, Senior Associates Sophie Schubert, Andrea Haiden, and Nina Lenhard, and Associates Max Felbermayr, Valentin Polla, and Filip Peric.
