HEUKING advises Chinese Mengtai Group on acquisition of Alu Menziken Group

June, 2024 - Germany

Please note the following press release. This press release is availableat our homepage.

HEUKING advises Chinese Mengtai Group on acquisition of Alu Menziken Group

A team led by Dr. Bodo Dehne and Sen Gao advised the Chinese Inner Mongolia Mengtai Group Co., Ltd. on the acquisition of the Alu Menziken Group from Montana Aerospace AG. HEUKING acted as lead counsel in the transaction and coordinated local counsel in Switzerland, Austria and Romania.

Alu Menziken is an established manufacturer of lightweight components from aluminium, including solutions for e-battery systems, structural components, and crash management systems. The company is a trusted partner for key suppliers and OEMs in the automotive, railway, construction, industry, and pneumatics sectors. With around 700 employees and production facilities in Switzerland, Austria, and Romania, Alu Menziken covers the complete value chain with its integrated production capabilities, from casting raw material and extrusion to machining, surface treatment and assembly of manufactured components. In 2023, the company generated consolidated net sales of 160.9 million Euros with an adjusted EBITDA of 25.4 million Euros. The Alu Menziken Group consists of Alu Menziken Group AG, Reinach (Switzerland), Alu Menziken Euromotive GmbH, Ranshofen (Austria), Alu Menziken SRL, Satu Mare (Romania) and Alu Menziken Germany GmbH, Dillingen (Germany).

Montana Aerospace AG and its operating subsidiaries are a leading, highly-vertically integrated manufacturer and supplier of system components and complex assemblies for the aerospace-, e-mobility- and energy industry with worldwide engineering and manufacturing operations. For Montana Aerospace, the divestment represents a critical step in implementing of the previously announced goal to streamline its portfolio as a focused aerostructures company.

Mengtai Group is a large, privately owned Chinese group of companies with a main focus on energy generation and distribution, agriculture, and aluminium. Mengtai Group has more than 6,000 employees and had an annual revenue of ca. 6 billion Euros in 2023. Alu Menziken Extrusion AG was acquired by Mengtai Germany GmbH, a 100% subsidiary of Inner Mongolia Mengtai Group Co., Ltd.

The closing of the transaction is subject to the usual conditions, including regulatory approvals. The parties agreed not to disclose the purchase price.

This is the second time that HEUKING advised the Mengtai Group on an acquisition in Europe. Previously, HEUKING advised the Mengtai Group on the acquisition of the apt Group that manufactures and refines high-quality aluminum profiles with about 1,000 employees at four locations in Germany, the Netherlands and the Czech Republic (see here). The deal was awarded "China Deal of the Year 2020" by the China Business Law Journal (see here).

Now, HEUKING acted as lead counsel and coordinated local counsel in Switzerland, Austria and Romania for the acquisition of the Alu Menziken Group. The transaction underlines HEUKING's ability to advise clients from all over the world in international transactions comprehensively and across borders through its global network of law firms. HEUKING works closely with excellent law firms around the globe that are best suited for the task at hand.

Dr. Bodo Dehne and Sen Gao are members of the China Desk of HEUKING and regularly advise Chinese companies on their investments in Germany.

Legal Counsel to Inner Mongolia Mengtai Group Co., Ltd.

HEUKING (Germany / Lead Counsel):

Dr. Bodo Dehne (Lead), Corporate/M&A, Dusseldorf

Sen Gao (Co-Lead), Corporate /M&A, Dusseldorf /Hamburg

Sarah Radon, LL.M., Corporate /M&A, Dusseldorf

Christoph Hexel, Employment, Dusseldorf

Torsten Groß, Employment, Dusseldorf

Anna Schenke, Employment, Dusseldorf

Beatrice Stange, Competition, Dusseldorf

Peter Schäffler, Tax, Munich

Wenger Vieli (Switzerland):

Marc Walter (Lead), Corporate/M&A, Zurich

Kevin Vangehr (Co-Lead), Corporate/M&A, Zurich

Joel Schmidt, Corporate /M&A, Zurich

Sophia Hartwig, Real Estate, Zurich

Roman Heinz, Real Estate, Zurich

Yannic Lütolf, Real Estate, Zurich

Claudia Keller, Data Protection/IP, Zurich

Alessa Waibel, Financial Services, Zurich

Nathalie Germann, Employment, Zug

Matthias Langenegger, IP/IT, Zurich

DORDA (Austria):

Dr. Martin Brodey (Lead), Corporate/M&A, Vienna

Patricia Backhausen (Co-Lead), Corporate/M&A, Vienna

Aleksandra Hübl-Langer, Corporate/M&A, Vienna

Florina Thenmayer, Employment, Vienna

Julia Huber, Employment, Vienna

Safiye Ünüvar, Finance, Vienna

Magdalena Brandstetter, Real Estate, Vienna

Vivien Lux, Real Estate, Vienna

Noah Hofer, Public Law, Vienna

Dr. Andreas Seling, IP, Vienna

Nino Tlapak, IT/Data Protection, Vienna

Stefanie Dirnbauer, IP/IT/Data Protection, Vienna

Magdalena Nitsche, Insurance, Vienna

Sarah Gruber, Insurance, Vienna

Dr. Bernhard Müller, Public Law, Vienna

Dairine Sonnek, Corporate/M&A, Vienna

Nestor Nestor Diculescu Kingston Petersen (Romania):

Ruxandra Bologa (Lead), Corporate/M&A, Bucharest

Emanuel Flechea, Corporate/M&A, Bucharest

Laurențiu Neacșu, Corporate/M&A, Bucharest

Malina Trifu, Corporate/M&A, Bucharest

Vlad Tănase, Real Estate, Bucharest

Mara Pieleanu, Real Estate, Bucharest

Mădălina Vasile, Data Protection, Bucharest

Alexandru Ciambur, Banking and Finance, Bucharest

Diana Vasile, Banking and Finance, Bucharest

Mihai Fifoiu, Corporate/M&A, Bucharest

Anca Diaconu, Competition, Bucharest

Rares Farcas, Competition, Bucharest

Daniel Stancescu, Employment, Bucharest

Flavia Petcu, Real Estate, Bucharest

Bianca Isache, Real Estate, Bucharest

Georgiana Porosnicu-Anitoae, Corporate/M&A, Bucharest

Raul Arama, Corporate/M&A, Bucharest

Florina Firaru, IP, Bucharest

M&A advisor to Inner Mongolia Mengtai Group Co., Ltd.

Livingstone Partners:

Baoshan Bao (Lead)

Dr. Roland Schulz

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