Gleiss Lutz advised Powder Metal Goldschmidt (PMG) on the deal.
The German automotive supplier Powder Metal Goldschmidt (PMG) announced its acquisition of Chinese powder metallurgy specialist Yangzhou Leader Powder Metallurgy (LEADER).
Powder Metal Goldschmidt (PMG), headquartered in Füssen, Germany, is an internationally leading manufacturer of powder metallurgical transmission, engine and shock absorber components and a leading supplier of powertrain and chassis components. With around 1,450 employees at currently eight locations in Europe, Asia and the USA, the company produces components from powder metal. In the financial year 2020, the PMG Group generated sales of around 230 million euros.
LEADER, based in Yangzhou (Jiangsu Province, China), was founded in 1997 and, with its approximately 250 employees, specialises in the production of powder metal parts, in particular ferrite parts and shock absorber components.
The Gleiss Lutz team was led by Dr Michael Burian (Picture – partner, Frankfurt, lead) and Dr Anselm and also included Josefine Wiegand (both Stuttgart), Dr Torsten Spiegel (Berlin, both M&A), Dr Ocka Stumm (partner), Dr Dominik Monz (both Tax), Dr Kai Birke (partner), Dr Jan-Alexander Lange (counsel, both Finance, all Frankfurt), Dr Johannes Hertfelder (partner), Dr Daniela Drixler (both Antitrust, Stuttgart).
Involved fees earner: Kai Arne Birke – Gleiss Lutz; Michael Burian – Gleiss Lutz; Anselm Christiansen – Gleiss Lutz; Daniela Drixler – Gleiss Lutz; Johannes Hertfelder – Gleiss Lutz; Jan-Alexander Lange – Gleiss Lutz; Dominik Monz – Gleiss Lutz; Torsten Spiegel – Gleiss Lutz; Ocka Stumm – Gleiss Lutz; Josefine Wiegand – Gleiss Lutz;
Law Firms: Gleiss Lutz;
Clients: PMG – Powder Metal Goldschmidt;