Hogan Lovells advised Daimler on the strategic partnership between Daimler Buses and Motor Coach Industries (MCI), including the sale of Daimler’s Setra-branded premium motor coach distribution business to MCI. In connection with the transaction, which closed on 29 June 2012, Daimler Buses received a minority ownership stake in MCI, and MCI became the exclusive North American distributor of the Setra S407 and S417 German-manufactured premium motor coaches.
Daimler is the world’s largest manufacturer of buses and coaches over eight tons gross vehicle weight. MCI is the largest manufacturer of intercity highway coaches in North America and has the largest installed fleet.
The Hogan Lovells team advising Daimler was led by New York M&A partner Bill Curtin with support from partner Audrey Reed and associates Katherine Brown, Derek Meilman, and Annette Boglev, as well as other Hogan Lovells attorneys across a range of practices, including Antitrust, Competition and Economic Regulation; Commercial; Environment; Labor and Employment; Employee Benefits; Government Contracts; Intellectual Property; Litigation and Arbitration; and Tax.
