Noerr advises Hedin Mobility Group on agreement with BYD on the sale and transfer of distribution activities in the German market

With a team led by Eckhart Schleifenbaum, Moritz Koch and Mansur Pour Rafsendjani, Noerr advised Swedish Hedin Mobility Group on the successful sale and transfer of the distribution activities of BYD vehicles and spare parts in the German market to BYD Automotive GmbH. As part of the transaction, Hedin Electric Mobility GmbH will be acquired by BYD. The transaction also includes the transfer of operations of two flagship stores in Stuttgart and Frankfurt, which are operated by the German retail division of the Hedin Mobility Group.

Hedin Automotive eMobility GmbH will remain authorised retailer of BYD in Germany with sales outlets in Mannheim, Kaiserslautern and Saarbrücken. Hedin Mobility Group will also continue to act as Dealer+ and retailer in the Swedish market as part of its long term partnership with BYD.

The transaction is subject to regulatory approval and closing is expected to take place in the fourth quarter of 2024.

Hedin is one of Europe’s largest mobility providers with more than 12,000 employees and operations in 14 countries.

BYD is a multinational high-tech company active in over 80 countries and regions. BYD Europe is headquartered in the Netherlands and is the first overseas branch of BYD Group, with a commitment to deliver safe and efficient sustainable solutions in new energy vehicles through world-leading technological innovations

Advisors to Hedin Mobility Group AB: Noerr Partnerschaftsgesellschaft mbB

Lead: Mansur Pour Rafsendjani (partner, Digital Business, Munich), Moritz Koch (associated partner, Private Equity, Hamburg), Eckhart Schleifenbaum (partner, Private Equity, Munich)

M&A: Björn Grotebrune (associated partner, Munich), Bettina Raschke (senior associate, Hamburg)

Employment: Benjamin Jahn (partner), Michael Weber (partner, both Munich)

Commercial/Automotive & New Mobility: Severin Bauer (senior associate, Frankfurt), Robert Lamersdorf (associate, Munich), Lukas Schu (associate, Frankfurt)

Data Privacy: Julian Monschke (associated partner, Frankfurt)

Real Estate: Christoph Hons (associated partner, Frankfurt), Philipp Bergmann (senior associate, Frankfurt)

Tax: Steffen Arlich (senior associate), Elmar Bindl (partner, both Munich)

Antitrust & Competition: Sarah Blazek (partner), Jochen Hegener (senior associate), Stefanie Gschoßmann (senior associate, all Munich)