Baker Tilly advises Forschner Group on sale of its precision turned parts division

Baker Tilly has advised Forschner Group on the sale of its precision turned parts division to Spanish Teknia Group. The closing of the transaction took place on July 6, 2022.

The sale of Forschner PTM GmbH to Teknia was led by Baker Tilly partners Stephan Zuber, Attorney-at-Law, (M&A Legal) and Dr. Andreas Fröhlich (M&A Corporate Finance). Director Robert Rostek, Manager Daniela Konle, Manager Sonja Dechansreiter (all Corporate/M&A), Manager Thomas Böhm (Real Estate) as well as Partner Dr. Christian Engelhardt, Attorney-at-Law, and Senior Manager Julia Storkenmaier (IP, IT, Data Protection) provided legal support.

The corporate finance advisory was also accompanied by Director Silvan Drasch and Manager Paul Margolin.

New investor plans expansion of Mahlstetten site and long-term jobs

Forschner PTM GmbH operates the precision turned parts division with around 100 employees at the Mahlstetten site. With its sale, the Forschner Group is pursuing the strategic goal of focusing more strongly on the steadily growing challenges and opportunities in the field of electromobility and thus on its core business. The decisive factor in the choice of the new investor was the investor’s intention to expand the site in Mahlstetten and to secure long-term and future-proof jobs.

The Forschner Group, headquartered in Spaichingen, is one of the leading manufacturers and industry pioneers for high-voltage and cabling systems in electromobility. The group develops and produces complex components for renowned car and commercial vehicle manufacturers in various countries.

Teknia Group is one of the world's leading manufacturers of precision turned parts. With sales of over €300 million, the group employs more than 3,000 people at 21 locations worldwide. With the purchase of Forschner PTM GmbH, the Teknia Group is further expanding its competence in the field of automotive turned parts. With its first production site in Germany, Teknia also gains improved access to German OEM customers.

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