Posted: 06/02/2023
The corporate team at Penningtons Manches Cooper has advised Drive System Design, an award-winning and globally trusted engineering consultancy known for developing innovative solutions for electrified propulsion systems, on its sale to Hinduja Tech, a world-class engineering services company.
Drive System Design is currently provides advanced engineering to the automotive, commercial vehicle, off-highway, defence and aviation industries from locations in the United Kingdom, the United States, and Asia.
Hinduja Tech, part of Hinduja Group, is the integrated product engineering and digital technologies solutions provider for the mobility industry, with a proven global delivery model. Hinduja Tech works with leading automotive organizations and disruptive mobility players in the USA, India, Mexico, Canada, Europe, China, and Japan.
The acquisition enables Hinduja Tech to provide end-to-end electrified propulsion systems design and development capabilities, enhancing its full-vehicle design and development position.
The Penningtons Manches Cooper team advising Drive System Design was led by corporate partner Richard Wrigley, with support from associate James Mann, commercial managing associate Edmund Forey and senior associate Nora Pook, corporate paralegal Kajol Harrar, corporate tax associate Leonie Langley, employment managing associate Sophie Whitbread and real estate associate Lauren Winch.
Mark Findlay, CEO of Drive System Design, commented: “We believe that Hinduja Tech is the right partner at the right time and see this as a tremendous opportunity for the long-term future and expanded capabilities of Drive System Design. I’d like to thank Richard Wrigley and the wider Penningtons Manches Cooper team on their expert advice and support for this landmark deal for Drive System Design.”
“As part of the Hinduja Tech Group, Drive System Design will be able to increase its reach through Hinduja Tech’s global business model and full vehicle development and integration expertise. It is an ideal complement to Drive System Design’s advanced engineering capabilities in transmission, driveline, motor design, power electronics and simulation.”
Richard Wrigley, corporate partner at Penningtons Manches Cooper, said: “We are delighted to have advised Drive System Design on this strategic transaction, which will give them increased reach through Hinduja Tech’s global business model. We look forward to the continued evolution and growth of this exciting and vital technology for the automotive sector.”
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