Stratulat Albulescu advises Amphenol on the successful acquisition of the majority stake in GJM Romanian subsidiaries’ automotive components business
Stratulat Albulescu Attorneys at Law has advised Amphenol, a leading global supplier of advanced technological solutions for the automotive industry, in particular for hybrid electric vehicles, in the acquisition process of the Romanian subsidiaries of GJM, a leading Spanish original equipment manufacturer (OEM) of key components for the automotive industry.
This significant US investment is of particular importance given its strong international component, the size, international recognition and presence of the target companies (which are now operating in over 22 countries and are continuously expanding their business) and also the EU Strategy (actively promoted in Romania through the NEXT-E project, co-financed by the European Union's Connecting Europe Facility) of investing in the development of transport infrastructure projects that support competitive, clean and connected mobility in Europe.
Amphenol is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems, antennae, sensors and sensor-based products and coaxial and high-speed specialty cable. Amphenol designs, manufactures and assembles its products at facilities in the Americas, Europe, Asia, Australia and Africa and sells its products through its own global sales force, independent representatives and a global network of electronics distributors. The company has a diversified presence as a leader in high-growth areas of the interconnect market including: Automotive, Broadband Communications, Commercial Aerospace, Industrial, Information Technology and Data Communications, Military, Mobile Devices and Mobile Networks. Amphenol continues to expand its growth opportunities through a deep commitment to developing enabling technologies for customers in all markets, an ongoing strategy of market and geographic diversification and an active and successful acquisition program.
GJM Group is a leading Spanish provider of interconnected assemblies for automotive applications. The company offers products like wire harness, articulated axis, over-molded connectors, mechatronics, lighting and hall sensors. While at the beginning, GJM started working for clients in the Telecom sector (such as Alcatel, Amper), later on, the company focused on working for clients in the IT sector (Fujitsu, Olivetti and IBM being their main clients). In 2004, GJM entered the Romanian market. Currently, 90% of the Group’s total production is dedicated to clients in the automotive sector (the most important market that GJM is working in), exporting to more than 22 countries worldwide.
The Stratulat Albulescu team was led by Managing Partner Silviu Stratulat together with Partner Irina Petre, with the support of Managing Associate Cristina Man, Associate Catalina Oancea and Associate Ruxandra Ene.