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
Latest press releases
Show me all press releasesPinsent Masons commits to London Data Charter to tackle London’s biggest challenges
Multinational law firm Pinsent Masons has created, and committed to, the London Data Charter - a statement of intent that organisations, both public and private, can adopt to put data at the heart of solving London’s biggest challenges.
Pinsent Masons bolsters Climate Change Mitigation and Sustainability team
Multinational law firm Pinsent Masons has named Michael Watson as its new Head of Climate Change Mitigation and Sustainability team, and appointed former OFGEM General Counsel, Euan McVicar, as Senior Climate Adviser.
Pinsent Masons appoints leading Life Sciences IP partner in London
Multinational law firm Pinsent Masons has recruited Life Sciences partner Gina Bicknell, adding additional skills and strength to its Technology, Science and Industry (TSI) sector capabilities.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises Turner Townsend Partners LLP stake strategic partnership CBRE Group Inc
Multinational law firm Pinsent Masons has advised Turner & Townsend on the proposed £960 million sale of a 60% stake of its business to CBRE Group, Inc.
Pinsent Masons Advises NEXA Enterprise Asset Management on Acquisition By Transcat Inc
Multinational law firm Pinsent Masons has advised NEXA on its acquisition by Transcat Inc.
Pinsent Masons advises Tangle Teezer on £70m investment from Mayfair Equity Partners
Multinational law firm Pinsent Masons has advised Tangle Teezer on the £70m management buy-out from Mayfair Equity Partners (“Mayfair”), the leading tech and consumer growth investor, giving Mayfair a majority stake in the business.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]