Gleiss Lutz advises Centre Testing International on the acquisition of imat-uve
A Gleiss Lutz team has advised Centre Testing International Group Co., Ltd. ("CTI"), a leading Chinese service provider for testing, inspection and certification, on the acquisition of 90% of the shares in imat-uve gmbh, a German automotive service provider.
Established in 2003 and headquartered in Shenzhen, China, CTI provides testing, inspection and certification services and one-stop solutions for a broad range of industries. It employs more than 10,000 employees and operates a network of more than 150 laboratories in over 70 locations around the world. imat-uve is a German design and engineering company specialized in providing testing services in the areas of textile and automotive since its incorporation in 1989. In addition to its German headquarters in Mönchengladbach, the company has subsidiaries in China, the USA, Mexico and South Africa.
CTI were advised on the transaction by the following Gleiss Lutz team, headed by Dr. Michael Burian (partner, lead, Frankfurt) and Dr. Yixiao Li (Stuttgart, both M&A): Josefine Wiegand (Stuttgart, M&A), Iris Benedikt-Buckenleib (counsel), Kathrin Haag (both competition law, both Munich), Dr. Johann Wagner (partner), Dr. Hendrik Marchal (counsel) (both Hamburg, tax, Hamburg), Dr. Stefan Lingemann (partner, Hamburg), Josefine Chakrabarti (both Berlin, employment), Dr. Jacob von Andreae (partner), Aylin Hoffs, Lennart Förster (all Düsseldorf, public law), Maximilian Leisenheimer (Frankfurt, real estate).
Gleiss Lutz has a market leading Asia practice and frequently advises Chinese investors on projects in Europe, most recently including a group of strategic and financial investors on their attempted acquisition of Huba Control from Siemens and a consortium led by FountainVest on the acquisition of SPT.