Led by partners Nikolas Zirngibl and Xavier Doumen, global law firm Hogan Lovells advised Indian Motherson Group on the acquisition of SAS Group from Faurecia, a company of the Paris-listed FORVIA Group.
Faurecia’s SAS cockpit modules division is a leading global provider of assembly and logistics services for the automotive industry. SAS Group has strong customer relationships with leading European and American OEMs and employs more than 5,000 employees in over 24 production sites in Europe, Asia and the Americas.
With the acquisition, Indian Motherson Group, a diversified global manufacturing specialist and one of the world’s largest and fastest-growing automotive suppliers for OEMs, aims to further diversify its customer base and products and become a leading global manufacturer of cockpit modules, with a focus on electronic vehicle models.
The enterprise value is EUR 540 million. The project remains subject to information respectively consultation with employee representatives. The completion of the proposed transaction is subject to regulatory approvals and is expected between July and September 2023.
Hogan Lovells team for Motherson
Dr Nikolas Zirngibl (Partner), Andreas Thun (Counsel), Martin Schunke, Dr Kilian Pfahl (Senior Associates), Dr Dominik Lang (Associate) (all Corporate/M&A);
Dr Falk Loose (Counsel, Tax);
Bernd Klemm (Partner, Pensions);
Dr Martin Pflüger (Partner), Sebastian Eisenberger (Associate) (both Intellectual Property);
Dr Justus Frank (Counsel), Annika Weber (Associate) (both Employment);
Dr Marius Rothermund (Senior Associate, Corporate/M&A);
Tobias Flasbarth (Counsel), Dr Daniel Schwiete (Associate) (both Corporate/M&A,);
Xavier Doumen (Partner), Emmanuel Vrillon-Darcy (Counsel), Raphaël Morin (Associate) (all Corporate/M&A);
Mikael Salmela (Partner), Jessica Clemens-Jones (Senior Associate), Remy Schlich (Associate) (all Strategic Operations, Agreements and Regulation);
Marion Guertault (Partner), Thierry Meillat (Partner), Baptiste Camus (Associate) (all Employment);
Alice Houdart (Senior Associate, Real Estate);
Alex Dolmans (Partner), Carlos Beltrán Tárrega (Associate), Eugenia Álvarez-Pedrosa (Junior Associate) (all Corporate/M&A);
Carlos Sánchez (Junior Associate, Real Estate);
Olga Albalá (Associate, Employment);
Borja Fernández Burgueño (Associate, Energy);
Carlos Ramos Miranda (Partner, Corporate M&A);
István Nagy (Associate, Banking);
Maria Regina Torrero Ordaz (Senior Associate, Employment);
Lu Zhou (Partner), Jessica Li (Senior Associate), Olivia Xie (Junior Associate) (all Corporate/M&A);
Isabel Carvalho (Partner), Felipe Lacerda (Associate) (both Capital Markets);
William Yavinski (Partner), Nicole Banton (Associate) (both Corporate/M&A);
Heather McAdams (Associate, Employment).
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