DMB Deutsche Motorsport Beteiligungsgesellschaft sells NetRange
Hamburg/ Oberhausen/ Munich — BDO Legal advised DMB Deutsche Motorsport Beteiligungsgesellschaft on the sale of NetRange MMH GmbH, the leading provider of cloud-based infotainment solutions for smart TVs and connected cars. The acquirer is ACCESS Europe GmbH, a provider of connected entertainment and also a German subsidiary of the listed Japanese company ACCESS CO., LTD.
Hamburg-based NetRange MMH GmbH was founded in 2009 by Jan Wendt and quickly became a pioneer in smart TV solutions. With an international network of currently over 4,000 partners in more than 100 countries, the company has become the leading content provider and serves major customers such as Grundig, Loewe and Vodafone. Meanwhile, NetRange has also expanded its offering to include infotainment for cars. DMB is an investment holding of Jan Wendt.
Oberhausen-based ACCESS Europe GmbH, which reports to Tokyo-based ACCESS CO. LTD., has been a provider of forward-looking IT solutions around mobile communications and network software technologies for a wide range of players around the world since the 1980s. Meanwhile, its software solutions have been installed on 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.
Jan Wendt on the transaction: “I am delighted to have found a buyer that is an excellent strategic fit for NetRange. The acquisition has set a milestone for the connected car industry. At the same time, it is a strong response to the growing collaboration between the automotive and entertainment industries. ACCESS will successfully develop NetRange’s business as a global, publicly traded company. In the divestment process, the fast and professional advice provided by BDO Legal contributed to the success of this very ambitious transaction in terms of time.”
Advisor DMB Deutsche Motorsport Beteiligungsgesellschaft mbH:
Legal Advisory: BDO Legal Rechtsanwaltsgesellschaft mbH
The advisory services of BDO Legal Rechtsanwaltsgesellschaft mbH comprised the entire legal advice to DMB: 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
Advisor ACCESS CO, LTD: Morgan, Lewis & Bockius LLP