Mummert & Company advised main stakeholders in W.E.T. Automotive Systems AG on the sale of their shareholdings by means of a public tender offer

Munich, 06.06.2011 – W.E.T. Automotive Systems AG was taken over by means of a public tender offer from Amerigon, Inc. Northville, Michigan, USA, and its subsidiary Amerigon Europe GmbH, Germany, at a purchase price of EUR 40.00 per share.

Mummert & Company, an independent Corporate Finance advisory based in Munich, Germany, exclusively advised the majority shareholders in W.E.T. AG (Indigo Capital IV L.P., London, and ICWET L.P., London) on this divestiture.

The W.E.T.-Group is a global player in the automotive industry and develops, produces and markets heating systems, automotive interior fittings and accessories, which are used in vehicle seats and other automotive and electrical engineering applications. Amerigon designs, develops and markets products based on proprietary thermoelectric device technologies for a wide range of global markets.
The combined companies create a world player for heated seats and seat ventilation devices on the highest level of technology. W.E.T. AG and Amerigon, Inc. have agreed to terminate, upon consummation of the transaction, the patent litigation pending between them in the USA.

Dirk Liedtke, Managing Partner at Mummert & Company, commented: „We are pleased that once more we could successfully support W.E.T. AG on closing a transaction. To combine two listed, transatlantic players, in conjunction with an appropriate bank financing, was a challenging task. We congratulate the shareholders and management teams of both companies to this successful transaction.”

Short Profile Mummert & Company Corporate Finance GmbH
Mummert & Company is a leading corporate finance advisor, with particular experience in the sectors High-Tech, Industrial Technologies, Life Sciences, Energy and Services. With offices in Munich, Vienna and Princeton (USA), Mummert & Company provides advisory services for the purchase or sale of companies or shareholdings (mergers & acquisitions), for the raising of equity capital (venture capital, private equity or the capital markets) and debt capital, for restructurings, for valuations (fairness opinions) as well as for the privatization of government-owned enterprises.

Detailed information about Mummert & Company is available at www.mummertcompany.com

Short Profile W.E.T. Automotive Systems AG
The W.E.T. Group is a global leader in the automotive industry, with a particular focus on thermal seat comfort. Established in 1968 and headquartered in Odelzhausen, near Munich, Germany, the company operates facilities in Europe, North America and Asia.

Detailed information about W.E.T. Automotive Systems is available at www.wet-group.com

Short Profile Amerigon, Inc.
Amerigon designs, develops and markets products based on advanced, proprietary, efficient thermoelectric device technologies for a wide range of global markets.
The current principal product is the proprietary Climate Control Seat® (CCS®) brand cooled/heated seat, which Amerigon sells to automotive and truck manufacturers and their tier one suppliers.

Detailed information about Amerigon, Inc. is available at www.amerigon.com

Vanessa Kuenstler
Mummert & Company Corporate Finance GmbH
Prinzregentenstrasse 48, 80538 Munich
Tel. +49 (89) 23 23 77 30 Fax +49 (89) 23 23 77 77
kuenstler@mummertcompany.com

This release was published on openPR.