Lenz & Staehelin: The shareholders of BlueBotics sell equity to Zapi group 

Forestay Capital, managed by Forestay Capital Management Limited, the closed-end tech fund launched in 2018 by B-FLEXION (previously Waypoint) and the management have sold their equity stake in BlueBotics, a navigation technology company based in St-Sulpice (VD), to Zapi group, an Italian manufacturer of electronic components for electric and hybrid vehicles.  

BlueBotics is a 2001 founded spin-off of the Swiss Federal Institute of Technology (EPFL), developing and selling navigation technologies for industrial vehicle automation (ANT®).  BlueBotics is active in over 20 countries and counts an installed base of over 3,000 ANT® driven vehicles in operation worldwide. 

Lenz & Staehelin advised the selling shareholders in this transaction. The team was led by partner Andreas Rötheli (co-head corporate and m&a, pictured) and included associates Ralph Kaufmann and Federico Trabaldo-Togna (both corporate and m&a), as well as partner Sevan Antreasyan (intellectual property & technology and outsourcing).