Baker Tilly advises ADMETOS on acquisition of MAHLE thermostats business
- 08/22/2023
- Reading time 2 Minutes
Baker Tilly supports the industrial and investment holding company ADMETOS in the acquisition of MAHLE’s thermostat business with tax transaction advice, in particular on contract design and structure.
The advice in connection with the acquisition of the automotive supplier MAHLE’s thermostats development and production division included in particular the tax-related contract drafting and structure. The Baker Tilly team, led by partner Uwe Roth, also included attorney-at-law Sven Vollstädt, tax advisor Stefan Lehner and attorney-at-law Markus Cullefors.
The MAHLE thermostats business comprises around 600 employees in six countries, all of whom are to be retained. As an investor specializing in special situations such as carve-outs, ADMETOS plans to expand the thermostat business – also outside the mobility sector.
ADMETOS is a diversified, owner-managed industrial and investment holding company for the SME sector. Together with investment partners, ADMETOS combines the advantages of a strategic investor with the process expertise/speed of financial investors. Further information about ADMETOS is available here >>.
MAHLE is a leading international development partner and supplier to the automotive industry with customers in both the passenger car and commercial vehicle sectors. Established in 1920, the technology group generated sales of more than EUR 12 billion in 2022. The company is represented in 30 countries with approximately 72,000 employees at 152 production locations and 12 major research and development centers. More information about MAHLE is available here >>