Advised Neue I&T GmbH on its sale of 70% of its shares to Xingyu Automotive Lighting Systems Co. Ltd.

Xingyu Automotive Lighting Systems offers a wide spectrum of luminaires for the automotive industry. With the acquisition of the Neue I&T GmbH in Austria and its patented production of extruded flat flexible cables, Xingyu can extend its product range to other industries as well as launch a new generation of luminaires for the automotive industry through a smaller and lighter design. Especially in the lightweight sector, they can arise advantages over round cables. In the context of the restructuring proceedings of the I&T GmbH, Xingyu Automotive Lighting Systems has acquired 70% of the shares of the newly established Neue I&T GmbH.

Xingyu Automotive Lighting Systems Co., Ltd., China

Xingyu Automotive Lighting Systems Co. Ltd is one of the biggest manufacturer of luminaires in the automotive industry. The product range includes i.a. headlights, fog lights, rear lights etc. Beside Chinese OEMs, Xingyu Automotive lighting systems supplies also international OEMs with production facilities in China.

Neue I&T GmbH, Austria

The Neue I&T GmbH was founded in the context of the restructuring proceedings with self-administration of the I&T GmbH. The relevant operational assets were transferred to the Neue I&T GmbH through an asset deal. The Neue I&T GmbH develops and produces flat flexible cables for the automotive industry using patented extrusion process technologies.

IMAP advised the seller and accompanied the process at all stages.