Telepass Offloads Digital Arm to DS Tech in Strategic Deal
Deal News | Nov 20, 2024 | Legal Community Italy
In a strategic move, Telepass has divested its digital division, Telepass Digital, to DS Tech, a European digital consultancy firm. This transaction was supported by the international law firm DLA Piper, which advised Telepass's Legal Affairs Department under the guidance of its Head, Daniele Ciccolo. The advisory team was led by partner Dino Dima, with lawyers Amedeo Barbato and Andrea Ferrara Fierro. DS Tech, on their end, was assisted by the legal and tax firm Morri Rossetti, with a team led by partner Roberta Incorvaia, including lawyers Maria Paola Murdolo and Valentina Bianchin. Following this acquisition, Telepass and DS Tech have signed a multi-year collaboration agreement focused on the continuous development of Telepass's digital activities, emphasizing the design, development, implementation, and maintenance of services initially encapsulated within Telepass Digital's operations scope.
Sectors
- Legal Services
- Digital Consulting
- Transportation and Digital Services
Geography
- Italy – Both Telepass and Morri Rossetti are based in Italy, and the deal involves the acquisition of Telepass Digital by DS Tech.
- Europe – DS Tech operates on a European level, suggesting a broader geographic scope beyond Italy for its operations.
Industry
- Legal Services – This industry is involved due to the participation of law firms DLA Piper and Morri Rossetti in advising the transaction between Telepass and DS Tech.
- Digital Consulting – DS Tech, the acquiring company, operates within the digital consulting sector, providing advisory services across Europe.
- Transportation and Digital Services – Telepass operates in the digital services space, focusing on transportation-related digital solutions, which were part of Telepass Digital's portfolio.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Telepass | Selling Company | Company | Telepass is an Italian company specializing in digital transport services. |
| DS Tech | Bidding Company | Company | DS Tech is a European digital consultancy firm acquiring Telepass Digital. |
| DLA Piper | Legal Advisor | Company | An international law firm assisting Telepass in the divestment of its digital arm. |
| Morri Rossetti | Legal Advisor | Company | A legal and tax firm that advised DS Tech in acquiring Telepass Digital. |
| Daniele Ciccolo | Head of Legal Affairs | Person | He leads the Legal Affairs Department at Telepass. |
| Dino Dima | Partner | Person | A partner at DLA Piper who led the legal advisory team for Telepass. |
| Roberta Incorvaia | Partner | Person | A partner at Morri Rossetti who led the legal team for DS Tech. |