Fenwick & West represented Delphi Automotive PLC (NYSE: DLPH), a high-technology company that integrates safer, greener and more connected solutions for automotive and transportation sectors, in its pending acquisition of nuTonomy, Inc., a leading developer of state-of-the-art software for self-driving cars for an upfront purchase price of $400 million and earn-outs totaling approximately $50 million. The transaction is subject to customary closing conditions and is expected to close prior to year-end.
The acquisition of nuTonomy is the latest in a series of investments that Delphi has made to expand its leadership position in the new mobility space by further accelerating Delphi’s commercialization of autonomous driving (AD) and automated mobility on-demand (AMoD) solutions worldwide. More information on Delphi’s acquisition of nuTonomy can be obtained from the company press release.
The Fenwick transaction team included corporate lawyers Ethan Skerry, Kate Withers, Nam Kim, Feihong Xu and Jennifer Cho; intellectual property lawyers David Hayes, Chris Joslyn, Greg Hopewell, Nikki Qi, Caroline Greenwood, Ari Fink and Emily Bullis; executive compensation and employee benefits lawyers Gerald Audant, Elizabeth Gartland, Elizabeth Chang and Liza Morgan; antitrust lawyers Mark Ostrau and Ashley Walter; and tax lawyers David Forst and Ora Grinberg.