MAGNA Group takes over auto plastic parts manufacturer Cadence Innovation
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.
Other articles
KŠB advises Olpran in Bikero insolvency proceedings
Kocián Šolc Balaštík has advised bicycle manufacturer Olpran, a notable player in the Czech cycling market, in the insolvency proceedings of Bikero.
European Commission Proposes Transforming EUSPA into European Union Space Services Agency
On April 7, 2026, the European Commission published a proposal for a regulation establishing the European Union Space Services Agency (EUSSA), amending Regulation (EU) 2021/696. The proposal [COM(2026) 152 final] significantly expands the mandate of the existing EUSPA, headquartered in Prague, and nearly doubles its budget.
