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Binder Groesswang Advises Mutares on Acquisition of Steyr Motors from Thales

Binder Groesswang Advises Mutares on Acquisition of Steyr Motors from Thales

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Binder Groesswang has advises Mutares on its acquisition of Steyr Motors Betriebs and Steyr Motors Immo from Thales. Schoenherr reportedly advised Thales.

"With the acquisition, Mutares wants to further expand its presence in Austria and expand its presence in the engineering and technology segment," Binder Groesswang reported. "The acquisition of Steyr Motors is the second buy-side deal from the recently opened Vienna office."

Steyr Motors Betriebs is an Austrian company specializing in the production of diesel engines, including for military vehicles and locomotives.

Mutares is a Munich-based private equity investor that focuses on the takeover of parts of large corporations and medium-sized companies.

The Thales Group is a Paris-based publicly traded defense company with activities in military technology, aerospace, security, and transport.

The Binder Groesswang team was led by Partner Thomas Schirmer and Senior Associate Felix Fuith and included Partners Clemens Willvonseder and Johannes Barbist, Counsel Hellmut Buchroithner, Attorneys-at-Law Barbara Gangl and Regina Kroell, and Associate Christopher Marchel.

The Mutares in-house team included General Counsel Jan Thoele and Head of Tax Denis Ahluwalia.

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