representative work

Cassels Acts for Certain Shareholders of Etratech in Gentherm’s US$64 Million Acquisition of Etratech

11/01/2017

On November 1, 2017, Gentherm Incorporated (NASDAQ-GS:THRM) completed its US$64 million cash acquisition of Etratech Enterprises, Inc.

Gentherm is a global market leader and developer of innovative thermal management technologies and Etratech is a Burlington, Ontario-based company that specializes in the design, development, and manufacturing of advanced electronic controls and control systems for major multinational companies.

It is anticipated that the acquisition could grow Gentherm’s total electronics revenues to approximately US$200 million by 2019.

Cassels acted as legal counsel to certain shareholders of Etratech with a deal team composed of Jake Bullen and Nicola Geary (Private Equity and Mergers & Acquisitions), Laurie Jessome (Employment), Andrew Reback (Tax) and Peter Henein and Danielle DiPardo (Product Liability).