A team led by Dr. Mathias Schröder, Partner at Heuking Kühn Lüer Wojtek's Munich office, advised incadea plc (LSE AIM; INCA) in connection with the intended acquisition by Dealertrack Technologies (Nasdaq TRAK).
Dealertrack is a provider of software solutions and services for all key segments in automotive retailing and among others operates the largest North American online network for loan applications. Incadea is the leading provider of DMS software and services for the global automotive retail market. Incadea employs about 500 and serves about 75,000 end users in more than 85 markets worldwide.
The expected purchase price, via a cash offer to shareholders, will be some £121.6 million, equaling about EUR 154.1 million.
Counsel to incadea plc:
Heuking Kühn Lüer Wojtek, Munich:
Dr. Mathias Schröder, LL.M. (Lead),
Dr. Helge-Torsten Wöhlert,
Alexander Weber, LL.M. (all Corporate/M&A, Munich), and
Dr. Stephan Degen (Tax Law, Munich)