Osborne Clarke advises KPIT Technologies on acquisition OF SOMIT Solutions
Bristol-based lawyers at international law firm Osborne Clarke have advised KPIT Technologies Ltd., a global partner to the automotive and mobility ecosystem for software-defined vehicles, on the acquisition of cloud-based vehicle diagnostics specialist SOMIT Solutions.
The Osborne Clarke team was led by Bristol-based corporate partner and head of the international transport and automotive sector, Simon Spooner, alongside corporate senior associate James Archer, also based in Bristol, with Mat Oliver and Kirsty Poulton providing tax advice.
KPIT – which is headquartered in Pune, India, and has its UK office in Coventry - works on developing cutting edge technology with global leaders in automotive and mobility and has grown consistently for the last two decades, having completed multiple M&A led partnerships with organisations in Europe, the USA and India. SOMIT Solutions, based in Abingdon near Oxford, offers a cloud-based vehicle diagnostics platform and expert consulting services.
“We’re thrilled to have supported KPIT Technologies on this strategic acquisition in the UK. Not only is this transaction at the cutting edge of automotive developments and the application of automotive technology and innovation to intelligent transport systems, but it demonstrates the importance of software and data as the automotive and e-mobility sector continues to evolve at a rapid pace,” says Simon Spooner.
Osborne Clarke has been at the forefront of advising on ground-breaking transformations in the transport and automotive sector. The firm has worked closely with clients as they address issues around mobility, electrification, shared, connected and autonomous vehicles.
