Stellantis N.V. (BIT:STLA) entered into an agreement to acquire AImotive Kft from Szechenyi Tokealap-kezelo Zrt., Lead Ventures and others on November 17, 2022. aiMotive will operate as a subsidiary of Stellantis. Founder László Kishonti will remain as Chief Executive Officer.

Stellantis will establish a Board of Directors to oversee aiMotive while preserving its startup mindset of rapid innovation. aiMotive team will be fully part of the Stellantis autonomous driving and artificial intelligence teams. Completion of the acquisition is subject to customary closing conditions, including the satisfaction of antitrust requirements. Frédéric Grillier and Marina Demeure of Villey Girard Grolleaud, Dr. Alexander Hirsch, Dr. Moritz Koch, Dr. Marco Siemers and Dr. Maurice Séché of Noerr Partnerschaftsgesellschaft mbB, Pillsbury Winthrop Shaw Pittman LLP, Nishimura & Asahi and Bird & Bird AARPI acted as legal advisor to Stellantis N.V. Sophie Fournier-Dedoyard and Gauthier Moulins of KPMG S.A. acted as accountant to Stellantis N.V. Rob Irving, Marcell Szonyi and Gesine von der Groeben of Réczicza Dentons Europe and PricewaterhouseCoopers LLP acted as legal advisor and accountant respectively to the sellers.

Ákos Fehérváry and Tino Marz of Baker McKenzie with offices in Budapest and Munich acted as legal advisors to Szechenyi Tokealap-kezelo Zrt. and Lead Ventures in the transaction.