Efeso Acquires a Majority Stake in Tsetinis Consulting Graf Patsch Taucher Rechtsanwälte GmbH advised French consulting company Efeso on its acquisition of a majority stake in Tsetinis Consulting, a firm wholly owned by German auto parts supplier ZF Friedrichshafen. Bird & Bird also advised Efeso, while KPMG Law advised ZF Friedrichshafen. Efeso has acquired a majority stake in Tsetinis with a view to gradually taking over the company’s entire share capital in the coming years, during which time the companies will continue their cooperation. With the acquisition of the majority stake, Efeso has bolstered itself with more than 120 new consultants based in Kuchl in the Salzburg region, further entrenching its position in Austria’s consulting market. Founded in 2000, Tsetinis specialises in all aspects of business transformation in the auto industry, including process and cost optimisation. Efeso is a Paris-headquartered multinational organisation that specialises in industrial operations strategy and performance improvement consultancy. The group assists its clients on the optimisation and strategic alignment of industrial operations. Prior to this most recent acquisition, Efeso employed 800 people across 35 global sites. ZF Friedrichshafen, the prior owner of Tsetinis, is one of the largest automotive suppliers in the world, present in 168 production sites across 32 countries. The group also operates in 18 main development locations across eight countries. ABOUT THE DEAL 98 LAWYER MONTHLY JULY 2023
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