Osborne Clarke advises Infosys on the acquisition of in-tech

Osborne Clarke has advised Infosys, a leading global provider of digital services, on the acquisition of the in-tech Group, a technology company specialising in software development, testing and validation. 

Founded in 2002, in-tech is a technical R&D service provider that shapes digitalisation in the automotive, rail and smart industry sectors. in-tech develops solutions for e-mobility, connected and autonomous driving, rail transport and electric and off-road vehicles. Headquartered in Garching near Munich, the company currently employs over 2,200 people at locations in Germany, Austria, China, the UK, the Czech Republic, Spain, Romania and India.

Infosys and in-tech have now announced the completion of the acquisition of 100 percent of the shares in in-tech by Infosys. The seller is Deutsche Beteiligungs AG (DBAG). According to the company, in-tech will remain active in the market as an independent company.

“The automotive industry today is going through a pivotal change, with connected, autonomous, and electric vehicles, and most importantly software-defined vehicles. Electronics and software will drive value for next generation vehicles. Infosys’ leadership with comprehensive offerings serving global auto OEMs, tier-one companies and e-mobility start-ups, coupled with in-tech’s engineering prowess presents a differentiated value to our clients bringing high quality innovative products to market faster,” says Jasmeet Singh, EVP and Global Head of Manufacturing, Infosys.

“A very exciting transaction for the M&A division of our legal practices’ India Group“, says Rouven Siegemund, Corporate Partner at Osborne Clarke, adding “we are delighted to have been able to again advise an important Indian client on the expansion of its European business.“ Dr Philipp Reeb, also Corporate Partner at Osborne Clarke, emphasises: “Complex cross-border transactions with a focus on technology hit our sweet spot, because we can leverage our international network, our excellent sector expertise and our clear focus on M&A for the benefit of our clients.“

The Osborne Clarke team that advised the shareholders of Infosys, led by Dr Philipp Reeb and Rouven Siegemund, consisted of Dr Patrick Stadtbäumer, Victor Robertz, Efthimios Detsikas, Charlotte Raszawitz, Lorenz Chwaszcza, Fenja Striesow (Corporate), Dr Timo Karsten, Maren Makowka, Karin Sültrop (Employment), Ulrich Bäumer, Dr Hendrik Schöttle, Felix Hänel, Teresa Fonte, Beata Völker (IT), Neil Simon-Weaver, Lina Mondry (Data Protection), Dr Sebastian Hack, Susanne Schricker, Manuel Schuster (Merger Control/FDI), Christoph Boeminghaus, Daniel Jeske (Commercial), Christoph Pitzer (IP), Dr Lars Kutzner, Sarah Bohn (Disputes & Risk), Thomas Schnabel, Maria Bibik, Sarah Gräfer, Moritz Windheuser (Real Estate) and Florian Merkle (Tax).