Deals & Cases

Vodafone acquires Cobra

29 juillet 2014 – Vodafone Global Enterprise Limited launched a voluntary tender offer in the amount of EUR 145 million (£115 million) for the entire ordinary issued share capital of Cobra Automotive Technologies S.p.A. (Cobra), listed on Italy's Telematic Share Market managed by Borsa Italiana S.p.A. Vodafone also entered into an agreement with minority shareholders of Cobra's Telematics Swiss subsidiary to acquire their 20% shareholding, conditional on completion of the offer. Cobra is a leading international provider of telematics and security solutions to the automotive and insurance industry, operating through two business units: Cobra Telematics Services, for the supply of telematics services and the development of telematics infrastructure; and Cobra Electronic Systems, focused on the design, development, manufacturing and distribution of electronic systems and components.

Walder Wyss AG has acted as Swiss legal advisor to Vodafone. The team was led by Urs P. Gnos (Partner, Corporate/M&A) and included Ueli Sommer(Partner, Employment), Simon Kehl (Associate, Corporate/M&A) and Davide Giampaolo (Trainee, Corporate/M&A).