International legal practice Osborne Clarke has advised Tantalum, a leader in connected car software and payments, on the sale of Tracker, its UK stolen vehicle recovery business, to CalAmp.

Tracker uses combined VHF technology with GPS and GSM technology to provide defence against vehicle theft through its monitoring and location services enabling faster activation and recovery.

Osborne Clarke acted for Tantalum in 2014 on its acquisition of Tracker from Direct Line.

Osborne Clarke also advised Tantalum on its recent acquisition of Springworks, the Stockholm-based connected car software house. The sale of Tracker will enable Tantalum to deliver global connected car software and payments opportunities with its partners, such as its current rollout with AT&T across the US, with Telia in Scandinavia, and with Swisscom and AMAG across Switzerland.

Tantalum is building out the infrastructure to connect vehicles and their users to a global ecosystem. This ‘connectivity to payment’ ecosystem enables the in-car delivery and payment of services, from a network of service providers that can be used by individuals, cities, states, and private actors to access, for example, insurance, roadside assistance, parking, car pooling and fuelling.

Tantalum is a long standing client of Osborne Clarke. The team who advised Tantalum was led by Partner Rob Wood and Associate Director Caroline Drummond. Rob and Caroline were supported by Partners Mathew Oliver and Jon Fell, Legal Director Rebecca Scott, Associate Director Hannah Drew and Associates Hannah Rossi, John Jackson, Hugo Holmes and Rhiannon Jones.

Osborne Clarke’s market leading M&A team is considered a go-to practice for many fast-growing companies in the transport and automotive sector. The team combine extensive market knowledge and deep sector expertise to support companies throughout all stages of their development, from start-up seed funding to later stage and growth capital and private equity funding, strategic M&A and exits.

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