Ashurst advised Grammer AG, a global supplier of automotive interior components and a leading producer of seating systems for commercial vehicles, on the takeover of Reum Kunststoff- und Metalltechnik GmbH and its Polish sister company, Reum Polska Sp.z.o.o. (Reum). The companies were sold by H.T.P. Investments B.V., H.T.P. Automotive GmbH and Palatium Beteiligungsgesellschaft UG.

In this way, the SDAX listed Grammer Group will be systematically continuing its strategy of acquiring technology companies for a targeted broadening and enhancing of its own product range.

The Ashurst team was led by corporate partner Dr Thomas Sacher and corporate counsel Volker Germann (both from Munich). Partners Peter Junghänel (Real Estate), Heiko Penndorf (Tax) and Dr Andreas Mauroschat (Employment) also advised. Senior associates Dr Marius Fritzsche (Employment) and Felix Krüger (Tax) as well as associates Markus Hiebel (Corporate) and Catharina Englert (Real Estate, all from Frankfurt) assisted.

Reum is specialised in developing and manufacturing high-quality, design-orientated metal and plastic combinations, interior components and surface refinements for the automotive industry. Reum Group has around 950 employees and generated sales of around €130 million in 2014.