Matthews International Corporation (NasdaqGS:MATW) entered into an agreement to acquire OLBRICH GmbH and R+S Automotive GmbH from Borgers SE & Co. KGaA for €43 million on June 21, 2022. OLBRICH and R+S Automotive have combined annual revenues in excess of €94.96 million.

The closing of the transaction is subject to certain regulatory authority approvals, which is expected to be timely secured in July of 2022. The closing of the transaction is expected in the fourth quarter of fiscal year ending September 2022. Dr Thomas Kuhnle, Axel Mühl, Carsten Andreas Senze, Gunnar Müller-Henneberg, Dr Marco Arteaga, Sebastian Felix Janka, Steffen Gaber, Christoph Schauenburg and Thomas Weidlich of Luther Rechtsanwaltsgesellschaft mbH acted as legal advisor to Matthews International.

Oliver Künzler of Wenger Plattner and Jan Kohout of PRK Partners s.r.o. advokátní kanceláø acted as legal advisors to Matthews International. Philipp Schmittner and Bernd Diepenseifen of KPMG acted as financial advisor to Borgers SE & Co. in the transaction.