Jiangsu Olive Sensors High-Tech Co.,Ltd. (“Olive”) through its wholly owned subsidiary in Luxembourg, acquired 32% of the shares in the Plettenberg subsidiary and in the Polish subsidiary of Schürholz, which specialize in stamping, stamping-bending, welding and assembling. The share purchase contracts were notarized January 13, 2017.
"We believe that through this acquisition, Olive can accelerate its internationalization strategy with the international experience, high technology and sales channels of Schürholz, and explore new drivers of growth for strengthening its competitiveness and implementation of the sustainable development strategy,” said Mr. Li Hongqing, the Chairman of the Board of Olive.
A cross-office GvW team consisting of the partners Patrick Heid (M&A, corporate (Shanghai)), Dr Marco Zessel (M&A, corporate (Frankfurt)) and Li Li (M&A, corporate (Shanghai) and senior associate Ming Yi (M&A, corporate (Frankfurt)) advised Olive in the entire transaction acquisition including transaction structuring, establishment investment vehicle, negotiation of the transactional documents and advice on outbound investment filings in the PRC.