PBV Insights
Log In Get Started
Menu
Deals & Cases
08 Apr 2026

Baker McKenzie Advises Meili Holding on 100% Acquisition of ACPS Group (ORIS)

"Baker McKenzie advised Meili Holding GmbH (a subsidiary of Zhejiang Meili High Technology) on the all-cash acquisition of 100% of Hitched Holdings 3 B.V., which controls the ACPS Group (known for ORIS towbars). The deal brings a market- and technology-leading towing-bracket business—ACPS reported about €440 million in 2024 revenue and roughly 2,200 employees across 10 sites in Europe, North America and Asia—into Meili’s portfolio. Meili Germany, founded in 1904, is a family-owned spring manufacturer with over 100 employees. The cross-border legal team was led by Baker McKenzie partners Dr. Thomas Gilles and Dr. Markus Mörtel (with Amsterdam and Shanghai support) alongside Chinese firm FenXun."

Baker McKenzie, together with FenXun (operating in China as Baker McKenzie FenXun), advised Meili Holding GmbH (a subsidiary of Zhejiang Meili High Technology Co.) on the acquisition of the ACPS Group. The transaction involved Meili Technology acquiring 100% of the shares in Hitched Holdings 3 B.V. from Hitched Holdings 2 B.V. in an all‑cash deal effected through Meili Holding GmbH. ACPS Group (known under the ORIS brand) is a leading manufacturer of towbars for passenger cars, SUVs and vans, with around €440 million in sales in 2024, roughly 2,200 employees and production and sales operations at ten locations across Europe, North America and Asia. Lawyers who participated - Baker McKenzie: - Dr. Thomas Gilles (partner, Corporate/M&A, Frankfurt) — lead - Dr. Markus Mörtel (counsel, Corporate/M&A, Frankfurt) — lead - Fabian Hoell (associate, Corporate/M&A, Frankfurt) - Rebecca Kuijpers‑Zimmermann (partner, Corporate/M&A, Amsterdam) - Philip Lückmann (senior associate, Corporate/M&A, Amsterdam) - FenXun (Baker McKenzie FenXun): - Jeff Xu (partner, M&A, Shanghai) - Yumeng Li (associate, M&A, Shanghai) - Cora Wu (associate, M&A, Shanghai) - Karyn Gu (associate, M&A, Shanghai) - Grace Li (partner, Banking & Finance, Shanghai)
Read the full story

Register for free to access daily news.

Register Free
Already registered? Login
We use cookies to improve your experience, analyze traffic, and serve targeted ads. Read our Cookie Policy.

Cookie Preferences

Customize your cookie settings. Necessary cookies are always enabled.

Strictly Necessary

Required for the website to function (e.g. login, security).

Analytics & Statistics

Help us understand how visitors interact with the website.

Marketing & Ads

Used to deliver relevant ads and track effectiveness.