MS Industrie sells production for valve train systems for Daimler world engine
Munich — The Munich office of the international law firm Weil, Gotshal & Manges LLP has advised MS Industrie AG on the sale of the production of valve train systems for the Daimler world engine at the US site in Webberville, Michigan. As part of the transaction, MS Powertrain Technologie GmbH, Trossingen, a subsidiary of MS Industrie AG, acquired 100% of the shares in MS Industries Inc. and its relevant subsidiaries to the Italian Gnutti Carlo Group, a global industrial group specializing in powertrain components and aluminum die casting.
MS Industrie AG, headquartered in Munich, is the listed parent company of a focused industrial group for drive technology and ultrasonic technology.
Advisors to MS Industrie AG:Weil, Gotshal & Manges LLP
The Weil transaction team was led by Munich-based Partner Dr. Barbara Jagersberger, Photo (Corporate) and was supported by Munich partner Tobias Geerling (Tax) and partners Matthew Goulding (Corporate, Boston) and Mark Schwed (Tax, New York) as well as associates Manuel-Peter Fringer, Alexander Pfefferler, Ramona Frenzel, Carolin Obermaier (all Corporate, Munich), Michael Messina (Corporate, Boston) and Lorraine Shub (Tax, New York).