AEQUITA SE & Co KGaA completed the acquisition of TMD Friction Group S.A. from Nisshinbo Holdings Inc..
November 29, 2023
Share
AEQUITA SE & Co KGaA agreed to acquire TMD Friction Group S.A. from Nisshinbo Holdings Inc. (TSE:3105) on August 22, 2023. TMD Friction Group had total assets of ?505 million and operating profit of ?42 million. The Transaction is subject to the completion of customary authorization procedures in accordance with domestic and foreign competition laws and other relevant legal imperatives.
Michael Burian, Alexandra Brücher, Torsten Spiegel, Ivana Robitzsch, Bosede Staudenmayer, Sonja Hilgert, Anselm Christiansen, Sumiko Sato, Simon Wegmann, Christian von Köckritz, Kristina Winkelmann, Lena Baumann, Jacob von Andreae, Matthias Hahn, Christoph Schoppe, Xiao Chen, Katja Lehr, Jan-Alexander Lange, Marcel Beck, Rut Steinhauser, Josefine Chakrabarti, Ocka Stumm, Hendrik Marchal, Johannes Heck, Hannah Bug, Christine Geraats, Christopher Noll, Alexander Nagel, Florian Kienast, Simon Wagner and Lesley Milde of Gleiss Lutz has advised Nisshinbo Holdings on the transaction. Christoph Thiermann, Christoph Thiermann, Fabian Badtke, Jens Peter Schmidt, Benjamin Jahn, Michael Schuhmacher, Gabriel Popa, Henrik Dornscheidt and Hendrik Schlutt of Noerr has advised AEQUITA SE & Co. KGaA on its acquisition of the TMD Friction Group.
AEQUITA SE & Co KGaA completed the acquisition of TMD Friction Group S.A. from Nisshinbo Holdings Inc. (TSE:3105) on November 30, 2023.
Nisshinbo Holdings Inc is a Japan-based company engaged in the wireless and communications, microdevices, brakes and other businesses. The Company has seven business segments. The Wireless and Communication segment is involved in the manufacture and sale of wireless communication equipment. The Microdevice segment is involved in the manufacture and sale of electronic components. The Brake segment is engaged in the manufacture and sale of friction materials for automobile brakes. The Precision Equipment segment is engaged in the manufacture and sale of mechatronics products and plastic molded products. The Chemicals segment is engaged in the manufacture and sale of rigid urethane foams, carbon products and others. The Textile segment is engaged in the manufacture and sale of cotton yarns, spandex products and clothing. The Real Estate segment is engaged in the leasing and sale of real estate. The Company also sells food and industrial materials and provides telemedicine services.