SMRT acquires 20% stake in Dutch automated vehicles company


De Brauw Blackstone Westbroek has advised SMRT in its investment in Dutch Group Rapid Transit systems provider 2Getthere.

SMRT and UTS agreed to take a minority stake in 2Getthere. SMRT International is acquiring a 20% stake, while UTS is increasing its shareholding to 11%. The investment is an important strategic step for SMRT that allows it to bring automated vehicles to Southeast Asia.

The joint venture established between SMRT and 2getthere, 2getthere Asia, remains on schedule to trial the first third-generation Group Rapid Transit (GRT) vehicle in Singapore by the end of this year.

SMRT International said it has also been actively exploring opportunities in the region. For example, it has signed a Memorandum of Understanding with Singaporean consultancy firm Ectivise Solutions and the Baku International Sea Trade Port (Port of Baku) in Azerbaijan.

The two companies will advise and support the Port of Baku in its efforts to enhance the operating effectiveness of the port through new technologies and innovative solutions, including a GRT system.

De Brauw Blackstone Westbroek has advised SMRT on the deal with a team led by partner Dieter Wolff (picture), assisted by Omar Salah.

Involved fees earner: Dieter Wolff – De Brauw Blackstone Westbroek; Omar Salah – De Brauw Blackstone Westbroek;

Law Firms: De Brauw Blackstone Westbroek;

Clients: SMRT Services;

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Author: Michael Patrini