Charles Russell Speechlys has advised Transense Technologies Plc on the deal.
The transaction involved the grant of an exclusive worldwide licence for its iTrack technology and the transfer of the operational business and trading assets relating to iTrack, to Bridgestone Corporation, Japan.
In August 2019, Transense announced that it had entered into a joint collaboration agreement (on which we also advised) where Bridgestone offered the iTrack system exclusively as a mining tyre monitoring system for tyres 57 inches and above for its off-the-road (“OTR”) customers. Customer response to the tyre management platform has been overwhelmingly positive and as a result Bridgestone will expand this offering to additional OTR customers as it fully integrates the solution into its portfolio.
The Charles Russell Speechlys team was led by Corporate Senior Associate Charlie Ring and Commercial Senior Associate Chris Ingram, with support from other members of the team including Associate Jun Park and Employment Associate Anisha Vyas. Corporate Partner, Mark Howard (Picture), oversaw the transaction.
Involved fees earner: Mark Howard – Charles Russell Speechlys; Chris Ingram – Charles Russell Speechlys; Jun Park – Charles Russell Speechlys; Charlie Ring – Charles Russell Speechlys; Anisha Vyas – Charles Russell Speechlys;
Law Firms: Charles Russell Speechlys;
Clients: Transense Technologies Plc;