Cerha Hempel, working with Snell & Wilmer and Burges Salmon, has advised customized electronics manufacturer DiscoverIE Group on its acquisition of Slovakia-based antennas manufacturer 2J Antennas Group.
The transaction closed on September 12, 2023, and was valued at approximately EUR 52.5 million.
DiscoverIE is an international group of businesses that designs and manufactures innovative electronic components for industrial applications. It provides application-specific components to original equipment manufacturers (OEMs) internationally and employs approximately 4,700 people across 20 countries, with its principal operating units located in Continental Europe, the UK, China, Sri Lanka, India, and North America.
Founded in 2002, 2J is a leading designer and manufacturer of high-performance antennas for industrial electronic connectivity applications, according to Cerha Hempel. 2J is based in Bardejov, Slovakia, with subsidiaries in the US and UK, and sells in more than 50 countries.
The Cerha Hempel team included Austria-based Partner Albert Birkner and of Counsel Sergei Makarchuk and Slovakia-based Partner Jozef Bannert and Senior Associates Dusan Hrnciar, Andrej Bartakovic, Lucia Lalikova, and Roman Grigel.
The firm did not respond to our inquiry on the matter.
Editor's Note: After this article was published, PwC Legal announced it had worked with Majernik & Mihalikova to advise the sellers.
The PwC Legal team included PwC CEE Head of Legal Hugh Owen, Senior Attorney Jana Borska, and Lawyers Ladislav Haladej, Ondrej Suriak, and Anna Pospisilova.
The Majernik & Mihalikova team included Partner Katarina Mihalikova.