Simmons & Simmons has advised global industrial service provider Ferrostaal on the sale of its automotive business to Rhenus group.

The Ferrostaal Automotive GmbH is a vendor and technology-independent service provider for the automotive industry with subsidiaries in Germany, Spain, Belgium and Poland. Core competencies of the company are tailor-made solutions to both carmakers and the automotive supply industry such as the preassembly of modules, from simple to highly complex, as well as sequencing and steel logistics.

The sale took place through a bidding process and is subject to antitrust approval.

The Simmons & Simmons team advising Ferrostaal was led by Düsseldorf corporate partner Dr Michael Bormann and Counsel Marc Urlichs who have been advising Ferrostaal on various corporate/M&A projects for many years. They were assisted by corporate/M&A associate Patrick Rivet, employment counsel Alexander Greth and antitrust supervising associate Dr. Martin Gramsch.