Andlinger & Company sells SUSPA to Pascal Vanhalst
Altdorf/ Waregem (Belgium) - Andlinger & Company announced its intention to sell Suspa GmbH to the private investment arm of Belgian entrepreneur Pascal Vanhalst. However, the transaction is subject to the approval of the German antitrust authorities. The approval is expected by the end of June. Pascal Vanhalst is head of the Belgian TVH Group, a global manufacturer of spare parts and accessories for forklift trucks.
Shearman & Sterling advised the shareholders of SUSPA GmbH on the sale of the company to its new owner Pascal Vanhalst.
SUSPA GmbH, based in Altdorf near Nuremberg, is one of the largest suppliers of gas springs, hydraulic dampers, friction dampers and energy absorbers, height adjustment systems and crash management systems. The products are used worldwide in the automotive industry, in mechanical engineering, in the furniture industry, in household appliances, in medical technology and in the consumer goods industry. In addition to the plants in Altdorf and Sulzbach-Rosenberg in Germany, SUSPA GmbH has further plants in the Czech Republic, the USA, China and India.
The Shearman & Sterling team, led by partner Dr. Alfred Kossmann (Frankfurt‑M&A), included counsel Dr. Anders Kraft (Frankfurt-Tax) and Dr. Mathias Stöcker (Frankfurt-Antitrust) as well as associates Dr. Aliresa Fatemi, Sven Oppermann, Evelin Moini (all Frankfurt‑M&A) and Odilo Wallner (Frankfurt-Finance).
About Shearman & Sterling
Shearman & Sterling is an international law firm with 22 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies.