Noerr advises Neue Halberg Guss on takeover of Daimler subsidiary Atlantis Foundries

Noerr has advised the automotive supplier NEUE HALBERG GUSS GmbH on the takeover of the South African foundry Atlantis Foundries (AF). The seller is Mercedes Benz South Africa.

With this acquisition, NEUE HALBERG GUSS is strengthening its business in the truck and commercial vehicles sector. Atlantis Foundries specialises in casting cylinder blocks for commercial vehicles and besides Daimler also supplies engine manufacturers in the UK and the USA. The Daimler group remains an important customer after the takeover.

With a workforce of some 2,000, NEUE HALBERG GUSS is among the European market leaders in the development and production of cylinder blocks for cars and commercial vehicles as well as cylinder heads for trucks. The company supplies manufacturers such as Daimler, Volkswagen, Opel and BMW and in the truck industry also Deutz, Scania and Iveco.

For this transaction NEUE HALBERG GUSS obtained comprehensive advice from the Noerr team led by Prof. Dr. Christian Pleister. Noerr was already successfully involved in the restructuring and sale of Halberg Guss to the strategic investor HTP in 2011.

Advisors to NEUE HALBERG GUSS GmbH: Noerr LLP

Prof. Dr. Christian Pleister (Frankfurt/Berlin, lead), Dr. Tibor Fedke (Corporate/M&A), Dr. Peter Stauber (Antitrust, Berlin)

Hanna Boeckmann (Antitrust), Florian-Felix Marquardt (Tax), Karoline Woznicki, LL.M. (Corporate/M&A)