Cyril Amarchand Mangaldas Advised Ingka Investments On Acquisition Of Locus
Cyril Amarchand Mangaldas Advised Ingka Investments on Acquisition of Locus
The Leading Law firm in India,Cyril Amarchand Mangaldas (CAM) acted as Indian legal counsel to Ingka Investments in relation to its acquisition of Locus, a leading logistics technology company based in the USA. CAM advised Ingka on due diligence, structuring the transaction, and drafting and finalising transaction documents from an Indian law perspective.
Locus offers an AI-powered logistics management platform featuring advanced route optimisation, real-time tracking, and smart use of vehicles and resources. Ingka Investments, the investment arm of Ingka Group—the largest IKEA retailer—invests in assets, manages companies, and operates strategic businesses to preserve and create value for Ingka Group and IKEA. This acquisition represents a strategic move to enhance the efficiency of shopping and delivery for Ingka customers.
The Cyril Amarchand Mangaldas transaction team was led by Aditya Prasad (Partner),with support from Rohit Maheshwary(Senior Associate), Arundhati Diljit (Associate), Digvijay Singh (Associate),Saloni Agrawal (Associate), and Pooja V (Associate).
The CAM team supporting IP/TMT aspects was led by Arya Tripathy (Partner), with support from Aishwarya Joshi (Associate), Dhruv Somayajula (Associate), and Milind Yadav (Associate).
The supporting Employment law was led by Bishen Jeswant (Partner), with support from Krithika Radhakrishnan (Principal Associate) and Nilavan S (Associate).
The CAM team supporting Employee stock options & corporate governance was led by Sindhushri Badarinath (Partner), with support from Rashi Kabra(Associate).
The supporting Real estate was led by Abhilash Pillai (Partner) and Ritha Ulbyre (Partner), with support from Diptayon Basu (Director) and Shivani Subbaiah (Associate).
The CAM team supporting Diligence was led by Edward James (Partner),with support from Vedantha Sai (Senior Associate) and Mansi Sethiya (Associate).
The supporting Competition law was led by Dhruv Rajain (Partner), with support from Mohini Parghi (Associate).
The CAM team supporting Secretarial & director documentation was led by Mihir Sangani (Manager),with support from Deepa Pathak (Consultant).
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