MAGNA Group takes over auto plastic parts manufacturer Cadence Innovation
Law firm Kocián Šolc Balaštík has been providing legal consultancy to its long-term client, the globally operating Canadian company MAGNA, in its acquisition of Cadence Innovation, s.r.o. The company belongs to the largest world-wide manufacturers of car parts and is established in the Czech Republic.
Cadence Innovation is a major Czech manufacturer of plastic parts for the automotive industry with three manufacturing plants in the Czech Republic and one plant in Hungary.
KSB performed a due diligence of the target company and subsequently assisted the client in preparation of the transaction documentation.
Consent from the relevant authorities to the merger of the competitors is also necessary for the realization of the takeover.
