Vinge advises GKN plc on the acquisition of the all-wheel-drive (AWD) components businesses of Getrag KG, the privately held German company controlled by the Hagenmeyer family. The businesses being acquired, together referred to as “Getrag Driveline Products”, are Getrag Corporation, a joint venture with Dana Corporation based in the United States, and Getrag All Wheel Drive AB, a joint venture with Dana Holding Corporation and Volvo Car Corporation. As part of the overall transaction, GKN is also acquiring an exclusive licence, principally for Europe and the Americas, to Getrag’s electric drivetrain technology for use in electric and certain hybrid vehicles. Closing of the transaction is expected during September 2011, subject to customary conditions and necessary regulatory approvals.
Vinge's team advising GKN includes partner Jan Byström, associates Malin Helgesen, Matthias Pannier, Mårten Svensson, Åsa Gotthardsson and Wojtek Plewinski, paralegal Mikaela Mars and summer associate Marcus Andersson.