Automotive technology

Addleshaw Goddard advises on global automotive technology deal

Addleshaw goddard The corporate team in Scotland advised the majority shareholders of Livingston-based lighting innovators, LED design, when it was sold to Faurecia – an automotive technology company.

The acquisition of designLED will strengthen Faurecia offers display technologies to its client portfolio which includes Volkswagen Group, Stellantis, Renault – Nissan – Mitsubishi, Ford, General Motors, Bmw, Daimler, Toyota, Hyundai-Kia and Jaguar Land Rover.

The Addleshaw Goddard team that advised the case was led by a Glasgow-based partner, Anna brown, with the support of sarah dick and Finlay MacDougall.

Ms. Brown said, “Allowing the acquisition of designLED by a global operator has been rewarding as its innovative and advanced technology will now reach a wider market.

“It is evident that the designLED team is incredibly passionate about its world-class product line and being part of the Faurecia Group will allow the skills and technology of the team to become an integral part of the technology revolution. cockpit and improved driver and passenger. experience.

“Addleshaw Goddard’s expertise in the automotive and tech sectors continues to grow as we look to end the second quarter in a strong position with a number of M&A deals. important agreements in both sectors. “

Stuart Bain, Managing Director of designLED, said, “This is an extremely important milestone for our business. It strengthens our already industry-leading position as a developer and manufacturer and enables us to deliver our cutting-edge technology to a fully global market as a member of one of the largest players in the automotive industry.

“To reach a full deal, you need a supportive, flexible and, above all, available legal team. We had complete confidence in the Addleshaw Goddard team throughout the process, especially the professionalism and dedication – with a good dose of good humor – from Senior Partner Anna Brown.