METIS Rechtsanwälte LLP has advised TAKATA Europe GmbH on the sale of its participation in SCHROTH Safety Products GmbH to TransDigm Group Inc., a US based producer of aircraft components.
The TAKATA group is an international producer of automotive parts. The target SCHROTH Safety Products designs and manufactures advanced safety systems for aviation, racing and military ground vehicles throughout the world. The total purchase price for the transaction under which also the business of the Takata group entities Takata Protection Systems Inc. and Interiors Inflight Inc. was acquired by way of an asset deal amounted to approx. USD 90 million.
The METIS-Team consisted of Dr. Lars Friske (Corporate/M&A, transaction lead), Dr. Felix Dette and Oliver Hahner (both Corporate / M&A) as well as Dr. Daniel Benkert (Employment).