White & Case Advises Daimler on Acquisition of Electric Motor Specialist YASA
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Global law firm White & Case LLP has advised Daimler AG (Daimler) on the acquisition of British electric motor specialist YASA Ltd. (YASA).
YASA is a manufacturer of axial flux electric motors with headquarters and production facilities in Oxford, England, and an innovation division in Welshpool, Wales. The 250 employees will continue to operate from both locations in the future.
With this acquisition, Daimler and its subsidiaries Mercedes-Benz AG and Mercedes-AMG GmbH gain access to unique technology in the field of axial flux electric motors and expertise for the development of ultra-high performance axial flux electric motors. Daimler is thus further advancing its strategy to accelerate the transformation to a zero-emission and software-driven future.
The parties have agreed not to disclose further details of the transaction.
The White & Case team which advised on the transaction was led by partner Matthias Kiesewetter (Hamburg) and included partners Darragh Byrne (Frankfurt & Stockholm), Philip Broke, Philip Trillmich, Nicholas Greenacre, Marc Israel (all London), Bodo Bender (Frankfurt) and Tilman Kuhn (Düsseldorf) and associates David Smith (Frankfurt), Philipp Kynast (Düsseldorf), Michael Hekimian, Kate Russell (both London) and international attorney Yasmin Mansour (Düsseldorf). At Daimler AG the transaction was led by Dr. Uwe Mark Schwald (Head of Legal M&A MB Cars & Vans) and Dr. Klaus Benner/Steffan Savcenko (Legal Antitrust EU).
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