CMS has advised the Recaro Group on its acquisition of a majority stake in the Grodzisk-based Fabryka Wyposazenia Wagonow Growag. SSW Pragmatic Solutions advised Growag’s shareholders on the deal.
According to CMS, the German Recaro Group is known for producing aircraft and gaming seats, while Growag is “the Polish market leader for the production of passenger seats for rail vehicles. With this transaction, Growag has acquired a strategic partner that will enable its development in Poland and facilitate expansion into new foreign markets and the Recaro Group will expand its product portfolio.”
CMS’s team in Poland was led by Partner Mateusz Stepien and included Senior Associate Rafal Burda and Lawyer Jakub Rykowski.
The SSW Pragmatic Solutions team included Partner Mateusz Rogozinski, Senior Associate Kacper Jedrzejak, and Associate Aleksander Bobrowski.