Milan, 3 August 2018 – The Bosch group has sold the business division ATW (Around the Wheel) to Stargate Capital. The division includes Beissbarth GmbH of Munich, German and Sicam S.r.l. of Correggio, Italy as well as a number of distribution units in various other countries. The division ATW contains above all the design, production and distribution of analytic systems for vehicles and machinery for tyres. The sale and purchase agreement is subject to the usual conditions. The parties have agreed to keep the purchase price confidential.

The Munich office of the law firm Gibson Dunn assisted Bosch with a team led by Lutz Englisch (partner, corporate/M&A) with Michael Walther (partner, antitrust), Hans-Martin Schmid (partner, tax), Sebastian Schoon (partner, finance) and associates Sonja Ruttmann, Maximilian Hoffmann, Philipp Mangini-Guidano (all corporate/M&A) and Franziska Gruber (antitrust).

Law firm Pavia e Ansaldo assisted Bosch for the Italian aspects of the transaction with a team led by Sven von Mensenkampff (partner, corporate/M&A) with Luca Montolivo (counsel, corporate/M&A).