Bird & Bird works with AllBright to assist Phase Motion Control on acquisition of majority stake in OSAIcnc

02-2020

Bird & Bird, along with AllBright, our Chinese Cooperation Agreement Firm, has successfully assisted Phase Motion Control Ningbo Ltd. in the acquisition of the majority stake of OSAIcnc S.r.l. from Prima Electro S.p.A., an Italian company belonging to a group listed on the Italian stock exchange. 

The parties have entered into an agreement for the sale and purchase of a majority stake and other ancillary agreements aiming at strengthening their future cooperation on the management of OSAIcnc S.r.l., a leader in the business of motion control and CNC systems.

Bird & Bird worked with a team led by partner Alberto Salvadè who was supported by senior associate Andrea Angelillis and associate Sara Calamitosi and provided assistance on corporate and M&A issues. Partner Amedeo Rampolla along with senior associate Daphne Diorio Borri provided employment assistance to the company. Prima Electro S.p.A. was supported by Studio Associato - Consulenza legale e tributaria, KPMG Turin with a team made up by Laura Xiao Fen Hu and Manuela Fabrizi that was coordinated by partner Alberto Cirillo.