DLA Piper advises Beijing BDStar Navigation Co., Ltd on the purchase of an interest in the in-tech Group
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.