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Freshfields advises Volkswagen AG in its $2.6 billion co-investment with Ford Motor Co. in Argo AI
Freshfields has advised Volkswagen AG (“VW”) as Intellectual Property/Information Technology, Antitrust and CFIUS counsel in its $2.6 billion co-investment with Ford Motor Co. in autonomous vehicle technology company Argo AI. The transaction involves a capital infusion into Argo AI by VW and the merger of VW’s own Autonomous Intelligent Driving into Argo AI. The multinational Freshfields team includes partners and associates in its New York, Washington, D.C., Berlin, Düsseldorf, Munich and Vienna offices. The transaction closed June 1, 2020.
The Freshfields team was led by Menachem Kaplan (IP/IT, Partner) and Dr. Martin Klusmann (Antitrust, Partner), Aimen Mir (CFIUS, Partner), and Bertram Burtscher (IP/IT, Partner); and included Christine Laciak (CFIUS, Special Counsel), Marissa Yu (IP/IT, Associate), Sarah Melanson (ACT, Associate), Miriam Geiß (Antitrust, Principal Associate) and Dr. Ilka Mauelshagen (Antitrust, Associate).
Read our July 2019 deal announcement here.
ENDS
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Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.
For more information contact:
Nicholle Romero
Nicholle.romero@freshfields.com
+1 212 284 4987
Elliott Frieder
Elliott.frieder@freshfields.com
+1 212 230 4664