Gadens has advised motorsport technology business MoTeC on the sale of the group to Robert Bosch (Australia) Pty Ltd, which will now form an integral part of Bosch Motorsport, a business unit of Bosch Engineering GmbH.
The MoTeC product portfolio includes vehicle and engine control units, displays, data loggers and on-board power supply control units for both conventional and electric motorsport vehicles. MoTeC serves its customers in Australia, Asia-Pacific, Europe, the United States and Japan through a global network of dealers and is the supplier to racing series including Australian (V8) Supercars, NASCAR and competitors in the Dakar Rally.
Commenting on the transaction, partner Jol Rogers said:
“We are pleased to have supported the owner of MoTeC on this transaction. We look forward to seeing the continued success of the MoTeC brand under its new owner as the product portfolio expands globally.”
Practice groups: Corporate
Key team members: The team advising on the transaction was led by corporate partner Jol Rogers who was supported by Tony Greenaway (Partner), Robert Swiatlo (Special Counsel) and Jules Borell (Associate).