Lakshmikumaran and Sridharan Attorneys advised and represented Fibro India Precision Products Private Limited (Fibro India), a subsidiary of LÄPPLE AG, in the sale and transfer of its rotary table unit business to Fibro Rotary Tables India Private Limited, a newly formed entity of the acquirer, as part of LÄPPLE Group’s global restructuring.
The firm played a key role in drafting, reviewing, negotiating, and finalizing the transaction documents. The transaction had nuanced aspects on the licensing of intellectual property, tax implication on various structures proposed for the transaction, procurement of approval for the sub-lease from the Maharashtra Industrial Development Corporation amongst others. Additionally, the firm provided advice on incorporation of an Indian subsidiary of a person resident outside of India (i.e. in relation to the acquirer entity) under the foreign exchange laws of India.
The LKS corporate team, led by Srabonee Roy (Partner) and comprising Hima Swetha (Associate) and Sushmita Sharma (Associate) advised Fibro India on the transaction.
The LKS tax team comprising of Karanjot Singh (Partner) and Devashish Jain (Principal Associate) advised on direct tax aspects and Sudeshna Banerjee (Associate Partner) along with Neha HD (Senior Associates) and Harneet Jagdev (Associate) advised on the indirect tax aspect of the transaction.
The LKS IP team comprising of Vindhya S. Mani (Partner) and Geetanjali K.V (Associate) supported on intellectual property matters.
act Legal Germany represented LÄPPLE AG in their overall global restructuring.
The LÄPPLE Group is a globally recognized industrial and engineering company headquartered in Germany, specializing in high-precision solutions for the automotive, mechanical engineering, and automation industries. With a strong focus on innovation, sustainability, and digitalization, LÄPPLE operates through multiple business units, including sheet metal forming, automation technology, toolmaking, and rotary table systems. Founded in 1919, the company has grown into an international enterprise with subsidiaries like FIBRO and LÄPPLE Automotive, delivering cutting-edge manufacturing technologies and customized solutions.
FIBRO is a leading provider of rotary tables, standard parts, and automation solutions for a wide range of industries, including automotive, aerospace, and general engineering. Known for its precision and durability, FIBRO’s rotary tables are widely used in machine tools, assembly lines, and production systems worldwide.
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