DLA Piper advises Einride AB on proposed business combination with Legato Merger Corp. III

DLA Piper advised Einride AB, a Swedish technology company that develops and operates digital, electric, and autonomous freight solutions, in its proposed business combination with Legato Merger Corp. III, a US special acquisition purpose company listed on the New York Stock Exchange American.

Einride AB’s technology platform includes AI powered planning and optimization and autonomous technologies – one of the world’s largest electric heavy-duty fleets and charging infrastructure. Einride AB serves customers across North America, Europe, and the Middle East. The transaction values Einride AB at approximately US$1.8 billion.

The cross-border DLA Piper team included lawyers from Sweden and the United States, providing comprehensive legal counsel across corporate, capital markets, and regulatory matters. The US team was led by Partners Stephen P. Alicanti and James Fischer (both New York), and the Swedish team was led by Partner Richard Folke. Partners Chris Paci (New York), Nate McKitterick (Palo Alto), Of Counsel Michael Madigan (New York), Senior Counsel Carl-Johan Pousette (Sweden), Legal Director Melanie Tsang (Manchester), Managing Associate Therese Pekkanen (Sweden), and Associates Madison Riede, Tarquin McGurrin, Leonard Yoo (all Short Hills), Andrew Wolfe (New York), and Thomas Hauk (Philadelphia) provided additional support.

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With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 15 consecutive years, according to Mergermarket, and ranked as number one in VC, PE, and M&A in combined global deal volume, according to PitchBook.