Addleshaw Goddard advises on world wide automotive technologies offer

Freda Walters

Addleshaw Goddard advises on international automotive technologies offer Released 10 June 2021 &#13Anna Brown&#13 &#13 Addleshaw Goddard’s corporate group in Scotland has advised the the greater part shareholders of Livingston-dependent lighting innovators, designLED, on its sale to Faurecia – an automotive technology corporation. &#13 The acquisition of designLED will bolster Faurecia’s […]

Addleshaw Goddard advises on international automotive technologies offer



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Anna Brown
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Addleshaw Goddard’s corporate group in Scotland has advised the the greater part shareholders of Livingston-dependent lighting innovators, designLED, on its sale to Faurecia – an automotive technology corporation.

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The acquisition of designLED will bolster Faurecia’s providing in screen technologies to its consumer portfolio which features Volkswagen Group, Stellantis, Renault–Nissan–Mitsubishi, Ford, General Motors, BMW, Daimler, Toyota, Hyundai-Kia and Jaguar Land Rover.

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The Addleshaw Goddard workforce advising on the deal was led by Glasgow-based mostly associate, Anna Brown, with aid from Sarah Dick and Finlay MacDougall.

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Ms Brown stated: “Enabling the acquisition of designLED by a international operator has been worthwhile to comprehensive, as its impressive and advanced technologies will now access a broader sector.

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“It is apparent that the workforce at designLED is amazingly passionate about its planet-class vary of goods and currently being portion of the Faurecia team will permit the team’s capabilities and know-how to develop into an integral element of the revolution in cockpit technological innovation and increased driver and passenger knowledge. 

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“Addleshaw Goddard’s know-how throughout the automotive and technology sectors is persistently escalating, as we search to near Q2 in a robust posture with a variety of considerable M&A offers concluding throughout both of those industries.”

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Stuart Bain, chief govt at designLED, reported: “This is an particularly significant milestone for our small business. It strengthens our currently field-leading place as a developer and producer and permits us to supply our ideal-in-class technological know-how to a totally global sector as portion of a single of the automotive sector’s most important gamers.

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“To get any offer above the line you want a supportive, flexible and, most importantly, available legal group. We have had whole belief and confidence in the Addleshaw Goddard team all over the total method, in unique the professionalism and perseverance – with a measure of very good humour – of guide spouse, Anna Brown.”

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