Global law firm White & Case LLP has advised Faurecia, one of the world's largest automotive equipment suppliers, on the 100 percent acquisition of Switzerland-based Hug Engineering AG.
The Hug group is a market leader in complete exhaust gas purification systems for engines above 750hp, and is currently owned by German Group ElringKlinger. The acquisition will combine Faurecia's global reach and world leading innovative systems for commercial vehicles with Hug Engineering's systems expertise, and support growth in the high horsepower market as regulations come into force.
The transaction, which is subject to regulatory approval in some European jurisdictions, is expected to close during the first quarter of 2018.
The White & Case team which advised on the transaction was co-led by partner Andreas Stilcken and local partner Ingrid Wijnmalen (both Frankfurt), and included partners Bodo Bender (Frankfurt) and Justus Herrlinger (Hamburg), counsel Andreas Klein (Frankfurt) and associates Micha Gersdorf, Tim Bracksiek (both Frankfurt) and Julia Cornelius (Hamburg).
For more information please speak to your local media contact.