Khaitan & Co Advised Systra On Acquisition of 100% Share Capital Of Ardanuy Ingeniería S.A.

Khaitan & Co advised Systra on acquisition of 100% share capital of Ardanuy Ingeniería S.A.

The leading law firm in India, Khaitan & Co, advised Systra on Indian aspects of the deal in relation to the acquisition of 100% of the share capital of Ardanuy Ingeniería S.A., a Spanish company renowned for its expertise in rail systems, metro, and urban transport, with branches and subsidiaries in South America, India, and the Baltic countries. The acquisition will strengthen Systra’s technical expertise in transport systems and infrastructure and expand its footprint across Europe, Latin America, India, and the Baltics.

In India, Ardanuy’s existing presence through various entities will enable Systra to consolidate its role as a key enabler of India’s smart urban mobility agenda, providing deeper technical support to metro and rail agencies and ensuring timely delivery of complex mobility projects.

The transaction involved 16 jurisdictions and resulted in the acquisition of subsidiaries and branches in South America, India, and the Baltics. The firm supported Systra on Indian aspects of the deal, including conducting due diligence, advising on transaction documents, and providing closing assistance involving various Indian subsidiaries of Ardanuy Ingeniería.

The Khaitan & Co team advising on the transaction was led by Rabindra Jhunjhunwala (Partner), Kevin Shah (Counsel), and Harshita Jajodia (Senior Associate), with assistance from Deepak Kumar (Partner) and Archika Dudhwewala (Principal Associate) on ELB aspects.

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