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5 October 2018
Deals | Morocco | M&A / Corporate
Gide’s Casablanca office has assisted Canadian auto parts supplier Magna on setting up a 50-50 joint venture in Morocco with Altran Technologies SA, a French engineering consulting services firm.
Magna’s comprehensive vehicle engineering and manufacturing group and Altran, a global leader in engineering and R&D services, each hold 50% of the joint venture.
The joint company, named MG2, is located in Casablanca and combines Magna’s complete vehicle know-how and process capability with Altran’s strengths as a locally established partner
Approximately 500 engineers drawn from both companies will initially staff the joint venture.
Gide assisted Magna with partner Simon Auquier and senior associate Ghita Bourquouquou.
PGAvocat and ACDEN assisted Altran.