Dynamic Map Platform’s Acquisition of Ushr


Evercore is serving as financial advisor to Ushr and Wilson Sonsini Goodrich & Rosati is acting as legal counsel. Squire Patton Boggs is acting as legal counsel to DMP.

Dynamic Map Platform Co., Ltd. (“DMP”) and Ushr Inc. (“Ushr”) today announced the signing of a definitive agreement under which DMP has agreed to acquire Ushr, which upon closing, will establish a single, enhanced platform for accelerated development and delivery of high-definition mapping solutions. DMP and Ushr are providers of accurate, high quality, high-definition (“HD”) road maps in Japan and North America, respectively.

Using survey-grade LiDAR and camera technology, Ushr has mapped all controlled access highways in the United States and Canada; road features are represented in the map to within approximately four inches of geospatial accuracy. When combined with vehicles equipped with sensors and software enabling autonomous driving, Ushr’s HD maps allow self-driving cars to safely operate on mapped roadways, providing precise lane centering, smooth control through curves and the ability to anticipate roadway changes. Ushr’s market leading HD map technology was integrated into General Motors’ Super Cruise, the industry’s first true hands-free advanced driver assistance system for the highway, and first-to-market in the 2018 Cadillac CT6.

Ushr’s investors include: GM Ventures, EnerTech Capital, Emerald Technology Ventures and Forte Ventures. The transaction is subject to customary closing conditions, including receipt of regulatory approval. Terms of the agreement are not being disclosed.

Wilson Sonsini Goodrich & Rosati advised Ushr with a team including Robert G. O’Connor (Picture), Brian Keyes, Rob Moreno, Brian Chan, Justin D’Aniello, Alisa Banda (Corporate/M&A), Andy Hirsch (Corporate Finance), Manja Sachet, Rob Parr, Jared Miller (Technology Transactions), Scott Sher, Joshua Gruenspecht, Christopher Williams, Seth Cowell, Anne Seymour (Regulatory), Scott McCall, Michael Montfort, Joe Cho (Employee Benefits & Compensation), Jason Storck, Margaret Thering, Nedim Novakovic (Employment Law), Greg Broome and Andrew Bryant (Tax).

Involved fees earner: Chris Williams – Howse Williams Bowers; Gregory Broome – Wilson Sonsini Goodrich & Rosati; Andrew Bryant – Wilson Sonsini Goodrich & Rosati; Brian Chan – Wilson Sonsini Goodrich & Rosati; Joe Cho – Wilson Sonsini Goodrich & Rosati; Seth Cowell – Wilson Sonsini Goodrich & Rosati; Justin D’Aniello – Wilson Sonsini Goodrich & Rosati; Joshua Gruenspecht – Wilson Sonsini Goodrich & Rosati; Andrew Hirsch – Wilson Sonsini Goodrich & Rosati; Brian Keyes – Wilson Sonsini Goodrich & Rosati; Scott McCall – Wilson Sonsini Goodrich & Rosati; Jared Miller – Wilson Sonsini Goodrich & Rosati; Michael Montfort – Wilson Sonsini Goodrich & Rosati; Rob Moreno – Wilson Sonsini Goodrich & Rosati; Nedim Novakovic – Wilson Sonsini Goodrich & Rosati; Robert O’Connor – Wilson Sonsini Goodrich & Rosati; Robert Parr – Wilson Sonsini Goodrich & Rosati; Manja Sachet – Wilson Sonsini Goodrich & Rosati; Anne Seymour – Wilson Sonsini Goodrich & Rosati; Scott Sher – Wilson Sonsini Goodrich & Rosati; Jason Storck – Wilson Sonsini Goodrich & Rosati; Meg Thering – Wilson Sonsini Goodrich & Rosati;

Law Firms: Howse Williams Bowers; Wilson Sonsini Goodrich & Rosati;

Clients: Ushr Inc.;

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Author: Ambrogio Visconti