Herbst Kinsky, working with lead counsel Linklaters, has advised Neovia Logistics Holdings on its acquisition of two unidentified companies from Austria’s Temmel Logistik Group. 42 Law reportedly advised the seller.
Financial details of the transaction were not disclosed.
TLC is a provider of logistics and warehouse management, assembly, rework, order picking, quality control, and cross-docking services for the procurement processes of automotive manufacturers.
Neovia Logistics is a US-based provider third-party logistics which operates more than 100 facilities in over 20 countries worldwide. The background of the transaction is the Neovia Group’s entry into the Austrian market and the addition of sophisticated inbound logistics capabilities to its offering.
Herbst Kinsky´s team consisted of Attorneys-at-Law Phillip Dubsky, Johannes Frank, Tanja Lang, and Sonja Hebenstreit, and Associate Carmen Walser.
Linklaters' Frankfurt-based team included Partner Jochen Laufersweiler, Managing Associate Sascha Konwalski, and Associate Julia Rupp.
42 Law’s team was led by Founding Partner Christof Strasser.