Deloitte Corporate Finance acted as exclusive financial advisor to Ibeo Automotive Systems GmbH and its shareholders in the process of signing a strategic partnership with AAC Technologies Holdings Inc.

The Deloitte Corporate Finance Advisory team (“Deloitte”) in Frankfurt, led by Götz Grundmann (Managing Director) and supported by Niklas Elsmann, Kristian Predojevic, Alexander Reichle and Tobias Henkel, successfully advised Ibeo Automotive Systems GmbH (the “Company” or “Ibeo”), the founding shareholders and its shareholder ZF Friedrichshafen AG (“ZF”) in the process of signing a strategic partnership with AAC Technologies Holdings Inc. (“AAC”). AAC also becomes a shareholder of Ibeo alongside the founders and ZF.

The strategic partnership with AAC strengthens Ibeo’s market position in Asia and allows the Company to leverage AAC’s unique leadership in imaging technologies as well as its long-standing expertise in high precision, high volume manufacturing. In addition, the newly formed partnership with AAC will open access for Ibeo to other potential applications for Ibeo’s solid-state LiDAR sensor in other markets such as consumer electronics. Ibeo aims to establish itself as a Top-3 global supplier for automotive LiDAR systems and a leading supplier of LiDAR technology to the industrial and consumer electronics markets. ZF and AAC strongly support this development path as strategic partners.

AAC is a market leader for technology solutions in the consumer electronics industry and supplies some of the most renowned manufacturers in the world. AAC operates through various business segments including Optics, Acoustics, Electromagnetic Drives and Precision Mechanics, MEMS, Radio Frequency and Antenna. AAC is listed on the Hong Kong Stock Exchange.

Deloitte’s in-depth knowledge of the automotive sector and first-class execution capabilities emphasize its competence to complete a complex and time-critical transaction successfully. Despite the challenges posed by COVID-19 and an international landscape of potential partners, Deloitte provided extensive support during the preparation phase, due diligence phase and contract negotiations, including the communication with and management of relevant stakeholders worldwide, ultimately leading to a favorable outcome for Ibeo. Deloitte’s cross-functional setup ensured a highly efficient cross-border transaction, thereby maintaining momentum throughout the transaction.

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About Ibeo Automotive Systems GmbH

Ibeo Automotive Systems GmbH has established itself as a global technology leader for LiDAR sensors and the associated products and software tools. This technology is used as an assistance system in cars and in the field of autonomous driving as well as in industrial applications and consumer electronics products. In total, Ibeo employs more than 400 people at its sites in Hamburg (Germany), Eindhoven (Netherlands) and Detroit (USA). Since 2016, ZF Friedrichshafen AG has been a shareholder and strategic partner of Ibeo. In 2021, AAC Technologies became a shareholder of Ibeo.

About Deloitte – Corporate Finance Advisory

As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to large and mid-market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.

View selected transactions completed by Corporate Finance specialists across the Deloitte Member Firm network and visit our global Deal Website

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