DLA Piper has advised BDStar as part of a bidding procedure on the acquisition of an interest in the company in-tech GmbH, a supplier for the digitization and the development in the area of automotive, machinery and transportation systems. In addition to the acquisition, BDStar will provide in-tech GmbH with funds in the course of a capital increase to enable further growth. Completion of the transaction is subject to official approvals from Germany and China among other factors. An agreement has been reached not to disclose the purchase price.
Founded in 2002, in-tech GmbH employs more than 1,000 people worldwide at 13 locations in Germany, China, USA, UK, Austria, Czech Republic and Romania. In the sectors of automotive, machinery and transportation systems, the service portfolio of the in-tech Group includes solutions in software and system engineering. Together with BDStar, the in-tech Group is planning to continue along its growth path and establish itself as one of the leading solution providers at the point of intersection between engineering and software.
Beijing BDStar Navigation Co., Ltd, a co-developer of the Chinese BDS satellite system, is the industry leader in the field of navigation and positioning services in China. By investing in the in-tech Group, BDStar is particularly striving to expand its geographical range and strengthen its network on the European market.
The international DLA Piper team led by partner Florian Hirschmann and senior associate Silvio McMiken comprised associate Tobias Schulz, transaction lawyer Siling Zhong (all Corporate, Munich), partner Pascal Kremp, associates Till Basfeld and Thomas Wiedmann (all Employment, Munich), counsel Dr Annekatrin Veit and associate Georg Haberkorn (both Pensions, Munich), partner Dr Thilo von Bodungen, counsel Dr Susanne Weckbach and senior associate Olga Blaszczyk (all IPT, Munich), partner Claus Jochimsen-von Gfug and counsel Dr Christoph Imschweiler (both Tax, Munich), partner Dr Michael Holzhäuser, counsel Semin O (both Antitrust, Frankfurt) as well as associate Matthias Siemes (Litigation & Regulatory, Frankfurt), counsel Dr Thilo Streit (Litigation & Regulatory, Cologne), partner Matthew Leivo and associate Kelsey Chase (both Corporate, San Diego), partner Maria Doralt and senior associate Johanna Höltl (both Corporate, Vienna), associate Sonja Schirmer (Employment, Vienna), associates Stefan Panic and Monika Hupfauf (both IPT, Vienna), counsel Christina Bucur, managing associate Sandra Cahu and junior associate Romina Iancu (all Corporate, Bucharest), senior associate Andra Trantea (Employment, Bucharest), counsel Ana-Maria Andronic and associate Andrei Stoica (both IPT, Bucharest), partner Jakub Adam, senior associate Zuzana Slovakova and junior associate Martin Serak (all Real Estate, Prague), partner Xavier Guzman and associate Mateusz Glowacki (both Corporate, Luxembourg) and associate Jennifer Wu (Tax, Hong Kong).
The seller has been advised on the transaction by Crowe Kleeberg and Kleeberg legal. The Crowe Kleeberg team led by partner Dr. Justus Westerburg and senior associate Christopher Blumenthal (both Corporate & Tax) comprised further partner Robert Hörtnagl (Corporate), Kai Peter Künkele (Financial) and Dr. Lars Lüdemann (Tax) with their respective teams.