Electric deal helps to support expanding e-mobility market

Acquisition of Cambridge-born Pi Innovo will enhance the flexibility, robustness and efficiency of vehicle systems in the e-mobility market and beyond.

Mills & Reeve acted for the owners of Pi Innovo Holdings, the parent company of Pi Innovo LLC, in Michigan, USA, on its acquisition by Dana Incorporated, based in Ohio. Pi Innovo is a leader in embedded software solutions and electronic control units with a track record for delivering sophisticated modular software and controls solutions for a wide variety of applications.

Dana's capabilities across the entire mobility spectrum will give Pi Innovo further access to a growing customer base and will enable Dana to enhance its in-house electric-vehicle capabilities with turnkey software and control solutions. The software and controls expertise of Pi Innovo builds on Dana’s robust capabilities in designing, engineering, and delivering complete vehicle integration for e-Propulsion systems, further positioning the company as a leader in vehicle electrification.

Andrew Kirk, director of Pi Innovo Holdings said: “Thank you for the support Mills & Reeve have provided to us over the years. In particular I (and the other sellers) appreciate the excellent work done by Tom Pickthorn, Hayley Simonds and Abigail Smith to get us through initial and final closing very professionally and without drama.”

Tom Pickthorn, partner and head of international at Mills & Reeve, said: “A great result of this acquisition was a happy client and what this will achieve for Pi Innovo, enabling them to extend the scope of their expertise to a wider customer base.”

Bodman Law, based in Michigan, acted as Pi Innovo’s US lawyers.

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