Stibbe assisted Foxconn in its majority investment in Magnax

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Stibbe assisted Foxconn with the acquisition of Magnax, a Belgian developer of axial‑flux electric motors, through Foxconn’s subsidiary Pan International. The transaction involved a EUR 35.5 million capital injection in exchange for a majority shareholding, with existing investors, including SFPIM, Hirschvogel and BIG Capital, remaining on board.

Place Rogier in Brussels bustling with crowds and traffic against a backdrop of tall buildings.

Stibbe assisted Foxconn in its investment in Magnax, a Belgian developer of axial‑flux electric motors. Foxconn contributed EUR 35.5 million in exchange for a majority shareholding, with Magnax’ existing shareholders, including SFPIM, Hirschvogel and BIG Capital, remaining on board.

The transaction proceeds will support the acceleration of Magnax’ growth, including the establishment of a new production facility in China, where large‑scale production is expected to begin next year. Magnax’s research and development activities will continue to be based in Belgium.

The Stibbe team was led by Jan Bogaert and included Katrien Vansina and Julius Vogeleer, with additional support from Sophie Van Besien, Philip De Roo, Carl Wettinck, Frederik Dudal, Elvis Musema, Mari Muzashvili and Mira Deweerdt.

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