A Faegre Drinker team partnered with European co-counsel Linklaters LLP and advised Cummins Inc. on its year-long, cross-border acquisition of two Faurecia commercial vehicle manufacturing plants and their related activities, one in Columbus, Indiana and one in Roermond, Netherlands. The €199.2 million acquisition involved the transition of over 1,000 employees, the negotiation of more than two dozen transaction documents and the separation of complicated intercompany operations and entanglements between Faurecia and its parent company, Forvia. The strategic acquisition adds significant technical and manufacturing resources and enhances Cummins' existing mixer portfolio.
Read Cummins's press release for more information on the deal.
