CMS has advised Indian automotive components manufacturer Pricol Ltd. on its acquisition of PMP PAL International s.r.o., a Czech company which manufactures automotive windscreen wiper parts, from PMP Auto Components (part of the Ashok Piramal Group). The sellers were advised by India's DSK Legal.
According to CMS, "PMP PAL International has manufacturing facilities in the Czech Republic, Mexico, and India and supplies wiper motors to global automotive customers including Volkswagen, Fiat, John Deere, Skoda, Audi, and Seat. The acquisition will provide Pricol with manufacturing facilities in new markets in Europe and North America and increase its exposure to the passenger car market."
The CMS team advising Pricol was led by Partner Helen Rodwell and included Partner Pavla Kreckova, Senior Associates Frances Gerrard and Lucie Halloova, and Associates Vojtech Laga, Pavel Kocian, Jiri Petura, and Barbora Sevcikova.