Noerr advised Magna Automotive Europe GmbH on the acquisition of Czech company Klein automotive s.r.o.


A  Noerr team led by Barbara Kusak and Michal Janicek advised Magna Automotive Europe GmbH, part of the Cosma Group of Magna International, on the acquisition of the Czech company Klein automotive s.r.o.

With a production plant in Stity,  Eastern Bohemia, Klein automotive produces automotive parts by stamping, welding, machining, heat treatment and assembly to a broad range of OEM and Tier 1 customers. According to Czech press reports the transactions is this year´s largest in the automotive sector in the Czech Republic.

Canada-based Magna group is a global leader in the automotive industry with a world-wide turnover of approx. USD 40bn and 159,000 employees, from which 5,400 work in ten production sites in the Czech Republic alone.

Advisors to Magna: Noerr

Barbara Kusak, Michal Janicek (both Corporate/M&A, Prague, joint lead), Petr Hrncir, Lucia Luptáková (both Corporate/M&A), Barbora Šafaříková (Employment & Pensions), David Němeček (Real Estate Investment Group), Anežka Večeřová, Pavel Hrdý (both Corporate/M&A, all Prague).