Sona BLW acquires majority stake in NOVELIC for EUR 40.5 million

Sona BLW Precision Forgings Ltd acquired a majority share in Serbian radar sensor company NOVELIC for EUR 40.5 million, including share acquisition and capital infusion. The deal closed on September 5, 2023.

“After lengthy and complex negotiations, it is always a pleasure seeing a deal go through.”wolftheiss.com

• 1 source
• wolftheiss.comSona BLW becomes majority shareholder of NOVELIC in EUR 40.5 Million transaction with legal assistance from Wolf Theiss - Wolf Theiss - Leading Lawyers in CEE&SEEMaryam ZiaranSep 11, 2023

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