Pinsent Masons advises Schaidt Innovations on the acquisition of HBAS manufacturing plant

03 May 2013 | 05:43 pm |

International law firm Pinsent Masons has advised Schaidt Innovations GmbH & Co. KG (Schaidt Innovations) on the acquisition of a manufacturing plant from Harman Becker Automotive Systems GmbH (HBAS).

The plant, which is located in Schaidt, in Rheinland-Palatine, employs 500 staff and produces car infotainment components for the car industry. In 2011, staff, the works council and the trade union IG Metall saved the plant from planned closure and prevented production moving to Hungary, there has been wide spread support for the takeover by Schaidt Innovations.  A long-term manufacturing agreement between Schaidt Innovations and HBAS will ensure that HBAS’ customers, which include Porsche and Audi, will continue to be supplied with products from the Schaidt plant.

Schaidt Innovations GmbH & Co. KG was founded by entrepreneurs Andreas von Meyer zu Knonow and Sebastian Moss. Their objective was to establish an Original Designed Manufacturer (ODM)for the automotive, non-automotive telecommunications and IT , medical devices, and the electronic packaging and systems integration industries.

The Pinsent Masons team advising on all legal aspects of the deal was led by Rainer Kreifels(Partner, M&A), Manfred Schmid (Partner, Employment), Dr. Florian von Baum (Partner, IT & outsourcing), Dr. Johannes Maidl (Legal Director, M&A), Dr. Florian Anselm (Legal Director, M&A), Dr. Stephan Appt (Legal Director, IT & outsourcing), Christina Otterbach (Associate, M&A) and Marina Arntzen (Associate M&A).

Key Contacts

Rainer Kreifels

Rainer Kreifels

Rechtsanwalt, Partner, Head of Germany

View Profile

Latest press releases

Show me all press releases

Pinsent Masons enters German alternative legal services market with Xenion acquisition

Multinational law firm Pinsent Masons has announced two acquisitions that will enable it to launch its flexible legal resourcing brand, Vario, into Germany.

Pinsent Masons advises CANCOM SE on its capital increase

International law firm Pinsent Masons has advised CANCOM SE on its share capital increase, valued at €174.2 million.

Pinsent Masons appoints new Head of Tax Fraud Investigations

International law firm Pinsent Masons has further enhanced its commercial litigation, regulatory and tax litigation practice with the appointment of Andrew Sackey as a contentious tax partner in its London office. Andrew will work with clients across each of the firm's five key global sectors – Energy, Infrastructure, Financial Services, Real Estate and Advanced Manufacturing & Technology.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Zurich on the sale of its UK Retail Wealth business

International law firm Pinsent Masons has advised Zurich, the global insurance provider, on the sale of its UK Retail Wealth business to Embark Group.

Pinsent Masons advises SR Smith on its acquisition of Sunbather

International law firm Pinsent Masons has advised S.R. Smith on the acquisition of Sunbather.

Pinsent Masons appoints new partner to enhance property and real estate expertise in France

Pinsent Masons has hired real estate expert Denis Charles, as partner in its Paris office.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts