McDermott Advises imat-uve on the Sale of a Majority Stake in the Group to CTI
Frankfurt a.M., December 20, 2021 – McDermott Will & Emery has advised imat-uve Group GmbH and its shareholders on the sale of a majority stake in the group to Centre Testing International Co., Ltd. (CTI).
The transaction, which also involves imat-uve’s subsidiaries in China, USA, South Africa, and Mexico, was preceded by a prior restructuring of the Chinese holdings. Managing Director Hans-Willi Müller will continue to hold an interest in imat-uve after the transaction has been completed and will be represented on the group’s management board.
Imat-uve is a design and development service provider for the automotive industry headquartered in Mönchengladbach, Germany, with subsidiaries in Stuttgart, the USA, Mexico, China, and South Africa.
CTI, headquartered in Shenzen, is considered a pioneer and market leader in the TIC (Testing, Inspection, Certification) industry, providing testing and inspection services for industrial and consumer goods companies as well as life science and trade-related testing services.
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