Ashurst advises Bosch on dissolution of joint venture with DENSO

Ashurst has advised Robert Bosch GmbH on the dissolution of its joint venture with DENSO Corporation, Advanced Driver Information Technology (ADIT), with business activities in Japan and Germany.

ADIT was established as a cooperative effort for the development of navigation systems in 2003. Bosch and DENSO later expanded the development scope to include in-vehicle infotainment systems. Owing to changes in the market environment, however, there will no longer be any need for a joint development in this sector in future. The activities in Germany will be taken over by Bosch while the activities in Japan will be taken over by DENSO.

The Ashurst team was led by partnerDr Stephan Hennrich. He was assisted by counselVolker Germannand associateChris Cerny(allCorporate / M&A). PartnerDr Alexander Duisbergadvised onIP/IT law. CounselDr Susanne Knochprovided advice ontax lawaspects. In Japan, partnerKensuke Inoue(Finance Regulatory/ M&A) and associateChiharu Takatori(Regulatory / M&A) were involved.