MATADOR strengthens its footprint in car development

that KPMG acted as the buy-side advisor and successfully advised the premium CEE automotive supplier MATADOR Group on the capital entry into Entry Engineering, a Czech-based technology developer for cars of tomorrow.

MATADOR Group is one of the largest industrial groups in Slovakia. It has been in the market since 1905, and currently employs more than 2 500 people in production and R&D in Slovakia and abroad. The company has built a key position as a system supplier for services and products for the automotive and general industry in the CEE region. It offers design & engineering services, mass production of components, industrial automation, and production of press tools for top European carmakers. In addition, it is actively involved in R&D of new technologies and new materials for the automotive sector. 

Entry Engineering s.r.o. is a Czech development company established in 2011 and ever since it has been experiencing rapid growth. In ten years, it has increased the number of employees from 10 to 300. Company is directly linked to the automotive industry, focusing on development of technologies, testing and engineering services. It engages in testing and development of test equipment for electronic systems in automobiles. The company cooperates mainly with Volkswagen Group carmakers. 

Thanks to this acquisition MATADOR Group has gained strength in the field of software solutions development and production of hardware or 3D models and visualizations for the next generation of cars. Entry Engineering expects the capital entry will help them to further expand their activities in the field of development and testing of electronic systems in cars. 

KPMG in Slovakia and Czech Republic provided buy-side financial and tax due diligence, respectively and Share and Purchase Agreement advisory to Matador group in its acquisition of Entry Engineering.