Frauscher Sensor Technology Group GmbH, a leader in railway sensor technology, sold a majority stake to Delachaux Group, a global player in mission-critical infrastructure solutions. The Delachaux Group leveraged this acquisition to expand its presence in the railway technology sector, particularly in Asia, where Frauscher’s Indian subsidiary, Frauscher Sensor Technology India Private Limited, was based. Majmudar & Partners provided expert legal counsel on the transaction, overseeing the Indian regulatory and compliance aspects related to the sale of the Indian subsidiary.
Facilitating the Transaction
Majmudar & Partners acted as the legal advisor to Frauscher Sensor Technology Group on this cross-border acquisition, ensuring compliance with Indian laws and smooth transaction execution. Their involvement included:
- Due Diligence: Conducted thorough due diligence on Frauscher’s Indian subsidiary, ensuring that all operational and legal aspects followed local regulatory frameworks.
- Regulatory Approvals: Managed the process of obtaining necessary approvals and completing the necessary filings under Indian law, particularly with the Ministry of Corporate Affairs and other relevant regulatory bodies, ensuring compliance with Indian corporate and foreign direct investment regulations.
- Asset and Share Transfer Structuring: Structured the transfer of assets and majority control from Frauscher to Delachaux, ensuring adherence to Indian corporate and tax regulations while protecting client interests.
- Contract Negotiation: Assisted in negotiating and finalizing transaction documents, including share purchase agreements and post-acquisition compliance documents.
Frauscher Sensor Technology’s majority stake sale to Delachaux Group marked a pivotal move in the railway infrastructure sector, enabling Frauscher to expand its technological capabilities and global reach. Majmudar & Partners played a crucial role in ensuring the successful transfer of Frauscher’s Indian subsidiary, handling the legal intricacies of the deal and ensuring compliance with Indian regulations.
Majmudar & Partners offers comprehensive legal guidance and expertise in managing regulatory complexities and ensuring seamless transactions when navigating cross-border acquisitions. Contact us today to learn how we can support your business achieve its M&A goals in India and beyond.