Hogan Lovells advises Bridgestone on US$391m sustainability-led acquisition of fleet management software provider Azuga
Washington, D.C.; Baltimore – Global law firm Hogan Lovells is advising Bridgestone Americas on its US$391m acquisition of fleet management software provider Azuga Holdings, Inc., a transaction which will accelerate Bridgestone’s efforts to develop and deploy sustainable mobility solutions as a central pillar of the company’s advanced mobility strategy.
Pending regulatory approvals, Bridgestone will acquire Azuga from Sumeru Equity Partners, Danlaw, Inc. and other shareholders. The Azuga fleet management platform, which includes advanced safety and fleet management tools, will complement the existing Bridgestone portfolio of cloud-based fleet mobility solutions.
Hogan Lovells served as legal counsel to Bridgestone on all aspects of the merger, with M&A partner and former Global Head of the firm’s Corporate & Finance Practice, David Gibbons, and senior associate Katherine Keeley, leading the deal team that included counsel Ashlee Sawyer Gilson, and associates Ariel Anderson and Benjamin Weber.
The acquisition of Azuga continues Bridgestone’s evolution toward becoming a sustainable solutions company. The transaction has been approved by each company’s board of directors and is expected to close by the end of the third quarter.
Further information on the transaction can be found here.