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Baker McKenzie Advises Szechenyi Funds and Lead Ventures on Exit from aiMotive

Baker McKenzie Advises Szechenyi Funds and Lead Ventures on Exit from aiMotive

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Baker McKenzie has advised the Szechenyi Funds and Lead Ventures on the sale of their shares in aiMotive to Stellantis in a transaction that saw Stellantis acquire aiMotive. Dentons reportedly advised Stellantis.

"Stellantis is an automotive manufacturing corporation that aims to enhance its artificial intelligence and autonomous driving core technology with the acquisition of aiMotive, a startup company based in Budapest, Hungary, with offices in Germany, the US, and Japan, with over 200 highly skilled employees worldwide," Baker McKenzie informed.

According to the firm, "aiMotive will operate as a subsidiary of Stellantis, maintaining its operational independence and start-up culture. It will continue selling three areas of its current technology product portfolio, including aiData, aiSim, and aiWare, to other partners."

Baker McKenzie’s team was led by Budapest-based Managing Partner Akos Fehervary and Munich-based Counsel Tino Marz.

Editor's Note: After this article was published, Dentons announced it had advised aiMotive in connection with its sale to Stellantis. The firm's team included Partner Rob Irving, Senior Associates Kamran Pirani and Lieor Koblenz, and Associates Sebastian Ishiguro, Iryna Nahorniak, and Aliz Wulcz.

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