A Faegre Drinker team led by corporate partners Brittney Yocum and Pablo Svirsky 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.
A cross-office team of attorneys supported Yocum and Svirsky on this transaction, including significant assistance from corporate associates Vilena Nicolet and Jasmin Osman; benefits and executive compensation counsel Michael MacLean; intellectual property partner Robert Leonard and associate Tamara Criss; labor and employment partner Brian Garrison and counsel Rhiannon Beckendorf; real estate counsel Richard Hayes and Scott Burns; government and regulatory partners Julian Harrell, Christopher Monahan and Mollie Sitkowski; business litigation partner Ryan Hurley; product liability and mass torts partner J. Joseph Tanner; and tax partner Sean FitzGerald.
Cummins Inc., headquartered in Columbus, Indiana, is a global leader in power technology that designs, manufactures, sells and services a diverse portfolio of power solutions.
Read Cummins’s press release for more information on the deal.