Global law firm White & Case LLP has advised Johnson Controls, a global leader in the automotive seating, interiors and electronics, on the acquisition of the automotive division of Spumotim SA. The acquisition means that Johnson Controls is now the leading automotive supplier in the region.
White & Case advised on all aspects of the transaction, including labor and employment, environmental law and competition regulations. The Bucharest team assisted Johnson Controls throughout the entire project, starting with the preliminary discussions, through the due diligence processes and finalizing the negotiations of the relevant documents regarding the acquisition and its notification before the Romanian Competition Council.
"The Romanian automotive industry continues to attract significant investments and is a pillar of the local economy, based on the current levels of vertical integration and industrial production we're seeing," said partner Delia Pachiu of White & Case Bucharest.
The White & Case team advising Johnson Controls was led by partner Delia Pachiu, who was assisted by counsel Paula Corban and associate Claudiu Ţâmpău.
White & Case Romania is extremely active in the automotive sector and related industries. Most recently, the local team has advised on projects involving greenfield investments, M&A, corporate law, employment law, financing, public procurement and competition law.
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