Amsterdam—The Amsterdam team of global law firm Dentons advised Yanmar Holdings, a privately held multi-billion dollar multinational company headquartered in Osaka, Japan, on its acquisition of a majority share in ELEO Technologies, a fast-growing battery technology company based in Helmond, the Netherlands. Yanmar acquired a majority share in ELEO through its subsidiary Yanmar Europe, by means of a series of related transactions including a full exit of early-stage investor Lumipol Group.

By integrating ELEO’s advanced, scalable, and modular battery technology, Yanmar will further its electrified powertrain capabilities with versatile, customized solutions for off-road applications.

Amsterdam-based partner Kuif Klein Wassink led Dentons’ multi-competency legal team on the deal with support from Nick de Rooij, Kevin Boekhout, Jan-Mathijs Hermans, Vincent Wensink, Alexander Odle, Tom Brohm, Johanne Boelhouwer, John Jansen, Julie Kneepkens-van der Touw, Bas van der Reep and Sophie Prosman.

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