Flash news
Decotek Automotive (manufacturer of decorative car exterior trim components with 320 employees in Collinstown, Ireland) acquired from Benet Holding (Josef Zajíček), DOBA (Karel Zetka, minor shareholders), one private person (Zdeněk Macháček) their stakes (45%, 45%, 10%) in AAS Automotive (formerly Advanced Accessory Systems; manufacturer of longitudinal and lateral/transverse roof rails/racks, exterior and interior parts, aluminium body components with 140 employees in Bakov nad Jizerou and Milovice, Czechia; customers, projects: Škoda Octavia, Octavia Combi, Fabia, Roomster, Superb, BMW X3, Ford Mondeo, Kuga, Galaxy, Opel Zafira, Signum, Volkswagen Polo Cross, Polo Fun, Golf Cross, Crafter, Audi, Aston Martin DB11, Porsche Cayman, Cayenne, Panamera, 911 Dakar, SEAT Ibiza; turnover of CZK 390 million/EUR 15 million in 2021) for more than CZK 120 million (EUR 5 million; purchase price CZK 20 million, return on investment CZK 100 million). Simultaneously Arete Industrial fund bought from DOBA/AAS for several million of euros hall in Milovice in area of over 8,000 sqm and other 22,000 sqm land for future expansion, where AAS to be long-term tenant (sale and leaseback). Delphi Advisors advised buyer, Patria Corporate Finance (Clairfield) and Taylor Wessing advised sellers, KŠB (Kocián Šolc Balaštík) advised fund
February 21, 2024 | 12:32pm CETflash
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