Ushr to Be Acquired by Dynamic Map Platform

On February 13, 2019, Ushr and Dynamic Map Platform, providers of accurate, high-quality, and high-definition road maps in North America and Japan, respectively, announced the signing of a definitive agreement under which Dynamic Map Platform has agreed to acquire Ushr. Upon closing, their deal will establish a single, enhanced platform for accelerated development and delivery of high-definition mapping solutions, which will progress autonomous driving and advanced driver assistance systems. Wilson Sonsini Goodrich & Rosati is representing Ushr in the transaction.

Ushr's investors include GM Ventures, EnerTech Capital, Emerald Technology Ventures, and Forte Ventures. The transaction is subject to customary closing conditions, including receipt of regulatory approval. Terms of the agreement have not been disclosed.

The WSGR team advising Ushr in the transaction includes:

Corporate/M&A:
Robert G. O'Connor
Brian Keyes
Rob Moreno
Brian Chan
Justin D'Aniello
Alisa Banda

Corporate Finance:
Andy Hirsch

Technology Transactions:
Manja Sachet
Rob Parr
Jared Miller

Regulatory:
Scott Sher
Joshua Gruenspecht
Christopher Williams
Seth Cowell
Anne Seymour

Employee Benefits & Compensation:
Scott McCall
Michael Montfort
Joe Cho

Employment Law:
Jason Storck
Margaret Thering
Nedim Novakovic

Tax:
Greg Broome
Andrew Bryant

For more information, please see companies' joint press release.