Advestra advises KPIT on the increase of its stake in N-Dream

KPIT Technologies (BSE and NSE: KPITTECH), through its subsidiary KPIT Technologies (UK) Limited, raised the group's stake in N-Dream AG to 88.9%. KPIT Technologies (KPIT), a global leader in software-defined vehicle development, announced it has acquired a majority stake in N-Dream AG, the company behind AirConsole. N-Dream is the in-car experience company which developed AirConsole, the world’s first gaming platform specifically designed for cars.

KPIT's strategic investment in N-Dream is part of KPIT's roadmap to enable automotive OEMs to enhance the driver & passenger experience in the cockpit of the future. KPIT, which previously held a 26% share, will increase its ownership to nearly 90%. The acquisition marks a major milestone for both companies and strengthens KPIT’s position in the software-defined vehicle market and accelerates N-Dream’s mission to shape the next generation of in-car digital experiences beyond games

Advestra acted as legal counsel to KPIT Technologies. The team consisted of Daniel Raun, Anna Capaul, Angelika Kremer, Göktuğ Gürbüz and Daryana Maurer (all Corporate | M&A) and Laurent Riedweg and Philip Frey-Felder (Tax).