BDO Legal advises DMB Deutsche Motorsport Beteiligungsgesellschaft mbH on the sale of NetRange

16 April 2019

BDO Legal has advised DMB Deutsche Motorsport Beteiligungsgesellschaft on the sale of NetRange MMH GmbH, a leading provider of cloud-based infotainment solutions for Smart TVs and connected cars. The purchaser is connected entertainment supplier ACCESS Europe GmbH, a German subsidiary of ACCESS CO. LTD, a listed Japanese company (TSE: 4813).

Founded by Jan Wendt in 2009, the Hamburg-based company NetRange MMH GmbH was a pioneer of Smart TV solutions. As its international network grew to over 4,000 partners in more than 100 countries, the company quickly gained the status of the leading content provider in its sector, with major customers including Grundig, Loewe and Vodafone. NetRange has also added car infotainment to its range of services. DMB is an investment holding owned by Jan Wendt.

The Oberhausen-based ACCESS Europe GmbH, reporting into Tokyo-headquartered company ACCESS CO. LTD, has been providing pioneering IT solutions for several stakeholders worldwide since the 1980s, specialising in mobile communications and network software technology. Today, its solutions have been shipped into more than 1.5 billion devices worldwide, including cars, TVs, smartphones, tablets, game consoles and more. With this acquisition, ACCESS Europe GmbH aims to become the market leader in the field of software-based infotainment solutions.

The consulting services provided by BDO Legal covered all DMB’s legal consultancy needs in this transaction.

Jan Wendt about the transaction: “I’m delighted to have found a purchaser that makes such a great fit for NetRange. This acquisition marks an important milestone for the connected car industry and responds to the growing collaboration between the automotive and entertainment industries. ACCESS will continue to grow NetRange’s business as a globally active, listed company. The fast, professional consultancy services provided by BDO Legal during the sales process helped to ensure that this ambitiously scheduled project was a success.”


DMB Deutsche Motorsport Beteiligungsgesellschaft mbH consultant:


Legal Advisory

BDO Legal Rechtsanwaltsgesellschaft mbH:

Dr Daniel Wied (Lead, M&A/Munich), Dr Konstantin Michelsen (M&A/Hamburg), Peter Klumpp (Tax, Hamburg), Hans-Gerd Hunfeld (Tax, Hamburg), Peter Bellendorf (M&A/Hamburg), Yana Krause (M&A/Hamburg), Luisa Reimitz (M&A/Hamburg)

 

M&A Advisory

Clipperton

ACCESS CO., LTD. consultant:

Legal Advisory

Morgan, Lewis & Bockius LLP