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Eversheds advises Parker Hannifin in the acquisition of Jäger Automobil-Technik and Jäger Automotive Polska

Eversheds advises Parker Hannifin in the acquisition of Jäger Automobil-Technik and Jäger Automotive Polska

  • Germany

    07-07-2016

    The international law firm Eversheds advised the American engineering company Parker Hannifin in the acquisition of the German company Jäger Automobil-Technik GmbH and the Polish company Jäger Automotive Polska Sp. z.o.o..

    With the acquisition on July 1st, 2016, the companies will be integrated into Parker's Prädifa Technology Division, part of the Parker Engineered Materials Group. The acquisition strengthens the company’s successful positioning in the automotive end market and enables better service to Jäger’s global OEM clients as a result of Parker’s international network.

    With annual sales of approximately 13 billion USD in the fiscal year 2015, Parker Hannifin is the global leader in the motion and control technology industry. Jäger Automobil-Technik GmbH has approximately 250 employees who produce rubber and plastic products for vehicle construction at two German locations (Osterode und Hildesheim), and one Polish site (Gryfino). The companies have a long-standing business relationship which is strengthened by the acquisition.

    Holger Holle, Counsel at Eversheds in Munich, comments:

    “As the global leader in its industry, Parker Hannifin’s acquisition of Jäger Automobil-Technik is a pioneering step for this core industrial sector in the German economy. We are pleased that our team‘s cross-border expertise was able to contribute to a successful transaction.”

    Thomas Ottawa, General Manager of the Prädifa Technology Division, states:

    "We are pleased to welcome the employees of Jäger Automobil-Technik to the Parker family. By using our synergies and further developing our respective abilities, we will serve our customers in the automotive industry in an even more comprehensive and efficient manner, thus strengthening our position in this important industry.”

    Parker Hannifin was advised by an Eversheds‘ team lead by Holger Holle (Counsel, Corporate/M&A, Munich). Further team members were Christof Lamberts (Client Partner, Partner), Tobias Fodi (Associate, both Corporate/M&A), Dr. Stefan Diemer (Partner), Dr. Manuel Melzer (Associate, both Tax), Dr. Arndt Scheffler (Counsel, Competition Law), Dr. Maximilian Ott (Principal Associate), Thomas Poschnitz (Associate, both Litigation), Dr. Manuela Rauch (Principal Associate), Dr. Thomas Barth, David Johnson (both Associates, all Employment and Labour Law), Carsten Eichler (Counsel), Sebastian Woschech (Associate, both Real Estate, all Munich), Ewa Szlachetka, Krzysztof Feluch (both Corporate / M&A), Małgorzata Sajkiewicz (Tax, all Warsaw), Aurelius Freytag (Competition law, Vienna).

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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