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New Deal


Announced

ZF to invest in Oxbotica.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Cross Border

Pending

Private

Acquisition

Minority

Auto Technology

autonomous driving software

United Kingdom

Single Bidder

Synopsis

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ZF, a German automotive industry supplier, agreed to invest in Oxbotica, a British autonomous vehicle software startup. Financial terms were not disclosed. ZF is taking a 5% stake in Oxford-based Oxbotica and will take a seat on its advisory board. The companies plans to jointly develop driving systems for pod-like shuttles which will be able to transport people and goods. “Together with Oxbotica, we are developing self-driving systems for autonomous people and cargo movers addressing the current challenges in public transport and logistics,” Torsten Gollewski , ZF Executive Vice President.

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