Clifford Chance

Clifford Chance advises Wikov on the acquisition of Czech automotive industry group

A team of Clifford Chance's top market leading M&A, Real Estate and Finance lawyers have once again united to advise Wikov Industry a.s., a Czech mechanical engineering company, on the purchase of the Detail CZ group of companies. The successful acquisition of Detail CZ, a producer and international supplier of products for the automotive industry, by Wikov, a company with a long history in the manufacture of gearboxes and precision parts for the global market, is in line with Wikov's growth strategy and follows recent acquisitions across the Czech engineering sector.

Prague corporate partner David Koláček led the Clifford Chance team advising on the transaction, with associate Aneta Sosnovcová acting as executive lawyer. The team further comprised finance associate Jan Bílek, finance junior associate Tereza Řehořová, and real estate junior associate Eliška Chalupová.

Lead partner David Koláček commented: "We are immensely satisfied with the smooth progression of this transaction and are, of course, delighted to have once more had the opportunity and pleasure of working with the Wikov management team with whom we have established a strong relationship and mutual respect over the past two years."

In addition to its widely recognised work in energy, telecommunications, and financial institutions M&A, the Prague office's market-renowned corporate team also has an impressive track-record in the industrials sector, with a client roster that includes Airbus, COLAS, Illinois Tool Works Inc., KKCG Industry and Mitsubishi.