Mexican law firm Bello, Gallardo, Bonequi y García (BGBG) has announced the integration of fellow Mexican firm Stamoglou Abogados.
Gentherm acquires Alfmeier Präzision’s automotive business
US-based Gentherm, a global company offering thermal management and pneumatic comfort technologies for the automotive industry, has acquired Alfmeier Präzision SE, a German company with subsidiaries in Mexico, the United States, Europe and Asia.
Alfmeier, headquartered in Treuchtlingen, Germany, provides automotive lumbar and massage comfort solutions, with expertise in advanced valve system technologies, integrated electronics, and software.
The acquisition further expands Gentherm’s current value proposition beyond thermal in comfort, health, wellness, and energy efficiency.
“This transaction aligns well with global consumer demand for expanded offerings in vehicle passenger comfort. Combining Alfmeier’s technological advancements in physiotherapy with Gentherm’s expertise in thermophysiology maximizes our capabilities of providing world class comfort and wellness solutions,” Phil Eyler, Gentherm's president and CEO, said.
“Alfmeier’s industry leading expertise in air and liquid flow valve systems also is expected to open additional growth opportunities for Gentherm’s ClimateSenseTM and Battery Performance Solutions,” he added.
The transaction involved companies and subsidiaries in six different jurisdictions, as well as complex international trade matters. The jurisdictions involved in the deal were Germany, the United States, Mexico, China, the Czech Republic and South Korea, while the laws governing the transaction were those of Germany, the US and Mexico.
Mexican law firm Gonzalez Calvillo acted as counsel to Gentherm, with a team led by partners Hernando Becerra and Rodrigo Rojas, and who were assisted by associates Alejandro Ruenes, Félix Ponce, Fernando de Buen, Georgina Zavala and Fernando Blanco, in addition to counsel Enrique Muñoz.
The Mexican law firm carried out the due diligence of Alfmeier and its subsidiaries, including Alfrmeier Friedrichs & Rath de Mexico, and the negotiation of the M&A documents.
The other firms involved as counsel in the transaction were Honigman, as external counsel of Gentherm in the United States, as well as Gleiss Lutz, as external counsel of Gentherm in Germany.
Zhonglun W&D acted as external counsel to Gentherm in China, Lee & Ko acted as external counsel of Gentherm in South Korea, and Schönherr acted as external counsel to Gentherm in the Czech Republic.
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