E+H advises Megatech on restructuring and sale to SAPA

E+H provided comprehensive legal advice to Megatech Industries AG on its reorganization from financial distress and subsequent sale to the Italian mobility supplier SAPA S.p.A. In a challenging market environment, a strong strategic partner was found for Megatech in SAPA, which will continue the successful cooperation with Megatech’s OEM customers.

Megatech is a leading European developer and manufacturer of plastic-based interior and exterior components for the automotive industry. With around 1,800 employees, the company operates nine production facilities in six countries as well as a specialized Tech Centre. Megatech’s expertise includes state-of-the-art processes such as injection molding, laminating, compression molding, edge folding, sequencing, cutting, and laser engraving. Megatech’s customers include well-known automotive manufacturers who rely on the innovative strength and quality of its products.

SAPA is an Italian industrial company that produces innovative plastic components for the mobility sector. As a Tier 1 supplier, SAPA supplies leading vehicle manufacturers such as Stellantis, Volkswagen, BMW, Rolls Royce, Iveco, Scania, MAN, Volvo Truck, DAF, and Caterpillar. With 13 production sites in Europe, Africa, and Asia and more than 2,000 employees, SAPA expects an annual turnover of almost 360 million euros in 2024. The company’s proprietary One-Shot® technology makes it possible to produce plastic solutions in a single step, which significantly improves efficiency, sustainability, and quality.

The merger with Megatech significantly expands SAPA’s geographical presence, particularly in Spain, Portugal, Poland, and new markets such as Germany, the Czech Republic, and Brazil. The strategic combination of the two companies’ complementary technologies creates synergies and increases competitiveness in the field of plastic injection molding technology for the mobility industry.

“This transaction shows the importance of well thought-out reorganization and transaction strategies in challenging market situations. We are pleased to have successfully advised Megatech on this path,” explains Marcus Benes, Partner at E+H.