Los Angeles—KARCO Engineering, LLC (KARCO), an independent automotive and safety testing facility, has sold a majority interest to Applus+ Adiada (Applus+), an engineering company providing design, testing, and engineering services to the automotive industry worldwide. Terms of the transaction were not disclosed.
William F. Capps, David Ma and Jamie Ogden, merger and acquisition lawyers at Jeffer Mangels Butler & Mitchell LLP (JMBM) represented KARCO in the international deal.
“KARCO continues to operate its testing facilities in Adelanto, California,” said William F. Capps, the lead attorney on the team, who negotiated the international deal with Applus+, which is based in Spain and listed on the Spanish stock exchange (Mercado Continuo). “Applus+ will benefit from the skilled engineers who have made KARCO a leader for more than 35 years of automotive research and crash testing.”
About Karco Engineering, LLC
KARCO Engineering, LLC is an independent test laboratory and automotive research center. KARCO is devoted to providing research and development, design evaluation, compliance, certification, and highway testing services. KARCO has a talented and experienced team of experts that have participated in thousands of tests, spanning over 35 years of automotive research, crash testing and evaluation. For more information, see KARCO.com.
About JMBM’s Mergers & Acquisitions Group
JMBM’s corporate and taxation lawyers represent companies and capital providers in a wide variety of financings, mergers, acquisitions and divestitures. The Group’s lawyers provide start-to-finish assistance with the structuring, negotiation, documentation and closing of the deal, using the firm’s full resources for everything from intellectual property issues to tax-efficient deal structures. For more information, visit JMBM.com.
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William F. Capps