Hogan Lovells Cadwalader advises Piedrafita Group on the acquisition of PMG Precision Mechanics Group

Hogan Lovells Cadwalader supported the Piedrafita Group throughout the entire transaction, from the negotiation of the transaction documentation through to successful completion. The team also advised on all aspects of foreign direct investment (FDI) review and tax law matters.

Piedrafita is a highly innovative company with Spanish roots, specialising in mission-critical mobility solutions. The acquisition enables the Piedrafita Group to strengthens its international footprint and further expands its activities in Germany and across Europe. PMG Precision Mechanics Group GmbH, an established provider of precision engineering solutions, complements Piedrafita’s existing portfolio, particularly with regard to technically demanding applications. The parties have agreed not to disclose the purchase price.
Alexander Koch comments:

“We are delighted to have supported the Piedrafita Group on this strategically important transaction. The matter allowed us to draw on our extensive experience in complex cross-border transactions involving regulated and technology-driven industries, particularly in the aerospace and defence sectors.”

The Hogan Lovells Cadwalader team was led by Hamburg- based partner Dr. Alexander Koch and included counsel Joy Baur, senior associate Dr. Daniel Schwiete, and associates Viktoria Voth and Nelli Haufe, who advised on the corporate M&A aspects of the transaction. Competition and antitrust advice was provided by partner Dr. Falk Schöning, counsel Stefan Kirwitzke, and associate Julius Jakob Gertz in Brussels. Tax matters were handled by partner Dr. Mathias Schönhaus (Berlin), together with senior associate Dr. Marius Plum (Munich) and associate Jan Meinecke (Berlin). Employment law support was provided by senior associates Tobias Darm-Tobaben and Kimberly Makino from the Hamburg office.