KPIT Technologies’ aAcquisition of SOMIT Solutions

In UK Osborne Clarke, advised on the matter.

Osborne Clarke advised KPIT Technologies Limited with a team including Simon Spooner (Picture – Corporate M&A), Mathew Oliver (Tax M&A and Deal Advisory).

KPIT Technologies Ltd, a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, acquired cloud-based vehicle diagnostics specialist SOMIT solutions.

KPIT works on developing cutting edge technology with global leaders in automotive and mobility. KPIT has grown consistently for last 2 decades and has deployed organic and inorganic strategies for the same. Over the last 2 decades KPIT has also done multiple M&A led partnerships with strong organisations in Europe, USA, India. KPIT is a listed entity in stock exchanges in India and due diligence and strategy for such M&A transactions are of key importance.

The Osborne Clarke team was led by corporate partner and head of the international transport & automotive sector, Simon Spooner (Picture), alongside corporate senior associate James Archer, with Mat Oliver and Kirsty Poulton providing tax advice.

Involved fees earner: James Archer – Osborne Clarke; Mathew Oliver – Osborne Clarke; Kirsty Poulton – Osborne Clarke; Simon Spooner – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: KPIT Technologies Limited;

Author: Giulia Di Palma