King & Wood Mallesons (KWM) has advised FAWER Automotive Parts Limited Company (FAWER) on the conclusion of a purchase agreement for acquiring all shares in ABC Umformtechnik. The closing of the acquisition is still subject to the usual regulatory approvals in China and Germany.
FAWER, based in Changchun and listed on the Shenzhen Stock Exchange, is a leading Chinese manufacturer of products for the automotive industry. The company specialises in the research and development of automobile spare parts in the categories of climate control, chassis, brake, transmission, steering, electronic and safety systems as well as engine systems and accessories. FAWER’s products are used for commercial vehicles and passenger cars in the Asian domestic market as well as internationally.
ABC Umformtechnik is a leading systems supplier of cold formed parts, components and fasteners for the global automotive industry. The company was founded in 1823 and is based in Gevelsberg, Germany. ABC Umformtechnik’s customer base includes the leading German automobile manufacturers.
Both specialised manufacturers for the automotive industry share strategic ambitions and values and aim to continue their international growth story together.
KWM lawyers from Beijing and Frankfurt jointly advised the investor on this transaction led by WANG Kaiding (KWM Beijing) and Dr. Sandra Link (KWM Frankfurt).
Advisors to FAWER Automotive Parts Limited Company:
KWM Frankfurt: Dr. Sandra Link, Hui Zhao, Dr. Tilmann Becker, Dr. Xianrui Wang, Dr. Katrin Thoma, Heling Zhang (PSL) (all Corporate/M&A), Markus Hill (Tax), Daniel Ehret (Finance), Dr. Johannes Reitzel (Employment)
KWM Beijing: WANG Kaiding, WEI Dongjing, MENG Fanqing (all Corporate/M&A), ZENG Tao, LI Jia, WANG Dan, JIANG Xuhua, LIN Yiyang (all PE/VC), LIU Cheng, BI Yun (both Anti-trust)