Gleiss Lutz advises Gentherm on the acquisition of Alfmeier’s automotive business
Gentherm is a global developer and marketer of innovative thermal management technologies for a broad range of heating, cooling and temperature control applications. Automotive products include variable temperature climate control seats, heated interior systems (including heated seats, steering wheels, armrests and other components), battery performance solutions, cable systems and other electronic devices. Medical products include patient temperature management systems. Gentherm has more than 10,000 employees in facilities in the U.S., Germany, China, Hungary, Japan, Korea, North Macedonia, Malta, Mexico, the UK, Ukraine and Vietnam.
Alfmeier, headquartered in Treuchtlingen, Germany, is a market leader in automotive lumbar and massage comfort solutions, with deep expertise in advanced valve system technologies, integrated electronics and software. With 2,200 employees globally, Alfmeier has operations in Germany, the Czech Republic, the United States, Mexico and China. Alfmeier's automotive business generated EUR 232 million in sales for 2021.
The following Gleiss Lutz-Team advised Gentherm on the transaction: Dr. Vanessa Rendtorff (counsel, Hamburg), Dr. Ralf Morshäuser (partner, Munich), Dr. Patrick Mossler (partner, Hamburg, all lead), Dr. Moritz Lochmann, Dr. Julius Scheifele, Dr. Julian Aicher (all Munich), Dr. Michael Knierbein (Hamburg, all Corporate/M&A), Dr. Alexander Molle (partner), Dr. Hannah Bug (counsel, both Berlin), Dr. Matthias Werner (counsel, Munich, all IP/IT), Dr. Manuel Klar (Data Protection, Munich), Dr. Doris Maria Schuster (partner, Hamburg), Hauke Darius Wolf (Frankfurt, both Employment), Dr. Johann Wagner (partner), Paul Hentschel (both Tax, Hamburg), Dr. Petra Linsmeier (partner), Dr. Tobias Klemm (both Competition/Antitrust, Munich), Dr. Marc Ruttloff (partner, Stuttgart), Matthias Hahn (Düsseldorf, both Public Law), Caroline Saalwächter-Hirsch (Compliance), Dr. Thomas Kulzer (counsel, Finance, both Frankfurt), Dr. Jacob von Andreae (partner), Aylin Hoffs, Lennart Förster (all Foreign Trade Law, Düsseldorf), Dr. Jonas Rybarz (counsel, Real Estate, Berlin).
A team from Honigman LLP team advised on aspects of US law.
Gleiss Lutz regularly advises Gentherm on its activities in Germany.