Continental has acquired the Slovak mould manufacturing specialist EMT Púchov s.r.o. All shares of Continental’s long-standing supplier were transferred to Continental at the beginning of April. The tyre manufacturer had previously entered into an agreement to this effect with EMT’s shareholders, Dynamic Design (Romania) being the majority shareholder.
An interdisciplinary team from Grant Thornton in Germany from the areas of Financial and Tax, led by Partners Klaus-Martin Haußmann and Dr. Achim Kestler advised D2E, Gimv and The Wallfashion House on their financial and tax due diligence. Other advisory services were also provided on issues specific to the transaction, including on the contract negotiations and extensive restructuring measures.
Grant Thornton advised Main Capital Partners and PeakAvenue on the transaction. The transaction team from the Financial Advisory service line, led by Tobias Kluth and Sven Kirse, were able to make a significant contribution to the successful completion of the acquisition through financial due diligence.