Lewis Silkin advises Valeo on its acquisition of CloudMade
06 December 2016
Lewis Silkin has advised Valeo, a multinational automotive supplier headquartered in France, on its 50% acquisition in CloudMade, a developer of smart and innovative big data-driven automotive solutions.
Valeo, a new client to Lewis Silkin, is a leading automotive supplier and a partner to all automakers worldwide. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.
CloudMade is a progressive start-up with particular expertise in design, development and delivery of artificial intelligence solutions for the automotive industry.
Valeo is a welcome addition to Lewis Silkin’s portfolio of tech sector clients and French clients.
Our tech sector Lewis Silkin M&A deal team was led by corporate partner Paul Rajput supported by tax partner Matthew Rowbotham, corporate senior associate Barnaby Stokes, along with commercial, tech and data protection managing associate Olivia Savage.
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