goetzpartners Corporate Finance advised the shareholders of automotive supplier Woco Michelin AVS in the sale of all shares to ARQUES Industries
The Starnberg-based investment company, ARQUES Industries AG has entered a definite agreement to acquire all shares in the international automotive supplier Woco Michelin AVS headquartered in Amsterdam, Netherlands. The sellers are German automotive supplier WOCO Group and French tire manufacturer Michelin Group which founded Woco Michelin AVS in the year 2000 as a joint venture. Generating revenues of more than EUR 250 million, Woco Michelin AVS is a worldwide developer and producer of innovative anti-vibration systems primarily for the automotive industry. The company is being sold within the context of refocusing of the sellers on their core businesses. The transaction is subject to the approval of the responsible cartel authorities.
goetzpartners acted as exclusive M&A advisor to both shareholders of Woco Michelin AVS during the whole divestiture process.