Odin Au­to­mo­ti­ve S.a.r.l. agreed to acquire StreetScooter GmbH from Deutsche Post AG (XTRA:DPW) on October 7, 2021. The transaction is subject to obtaining approval from German Competition Regulator.

Odin Au­to­mo­ti­ve S.a.r.l. completed the acquisition of 90% stake in StreetScooter GmbH from Deutsche Post AG (XTRA:DPW) on January 3, 2022. The team is led by Chief Executive Officer and Chairman Stefan Krause, who is the original Chief Executive Officer and Founder of EV company Canoo and previously held roles as Chief Financial Officer/Board Member of automaker BMW and Chief Financial Officer of Deutsche Bank. DPDHL will retain a 10% stake in the business to capitalize on its continued growth under its new leadership. Frédéric Franckx with Kristof Jansen and Ana Castro Alonso of Loyens & Loeff, Avocats à la Cour acted as legal advisors to Odin Au­to­mo­ti­ve in the transaction. Cornelia Topf (lead), Antonius Mann (both M&A, Frankfurt), Herwig Lux (Counsel), Christopher Noll (both IP) and Simon Wagner (Counsel, Commercial, all Stuttgart) of Gleiss Lutz acted as legal advisors to DHL Group in the transaction.