This transaction was led by corporate partners Leo Verhoeff and Carl Meyntjens.
Bridgestone Europe NV has recently entered into an agreement with TomTom to acquire its Telematics business. The transaction will bring together Bridgestone as the world’s largest tyre and rubber company with the number one provider of digital fleet solutions in Europe, creating a leading data platform for connected vehicles.
The sale of the Telematics business is expected before the end of the second quarter of 2019, followed by the works council, antitrust and shareholders’ approval combined with a share consolidation to be executed in the third quarter of 2019.
Commenting on the transaction, corporate M&A partner, Leo Verhoeff says: “We are very pleased to have advised our client Bridgestone on this deal, reaching a major milestone which will allow them to become a leader in mobility solutions. This deal also demonstrates Simmons & Simmons’ strong cross border M&A and ICT capabilities”.
The cross-border core deal team included Kelly Cherretté, Robbert Jansen, Pieter de Visser and Christopher Götz. This core deal team was further assisted (i) on corporate matters by Elise Boehmer Michiel Boer, Pieter-Bas den Brave, Yannick Sternotte, Felix Hänel, Christian Bornhorst, Michael Surmann, Michael Böger, Carlos Jeminez and Ana García-Boente; (ii) on finance matters by Jan-Joost van Rijsbergen; (iii) on employment matters by Joris Oster; (iv) on ICT matters by Edoardo Tedeschi, Alessandra Bianchi and Margherita Gnech; (v) on antitrust matters by Koen Platteau and Mathieu Vancaillie; (vi) on IP matters by Mattie De Koning and Bas Berghuis and (vii) on tax matters by Steven den Boer.