Taylor Wessing advises DKV Mobility on participation in PACE Telematics

The mobility service provider DKV Mobility will in future rely on the mobile payment platform of PACE Telematics, one of the technologically leading providers in the field of Connected Cars Services, and will participate in the German start-up as part of a strategic partnership. Both parties have agreed not to disclose the total amount of the transaction. The international commercial law firm Taylor Wessing, led by Düsseldorf-based partner Ernst-Albrecht von Beauvais, provided legal advice to DKV Mobility on the minority shareholding.

Refuel and pay directly at the fuel dispenser via smartphone: This describes the technical solution Connected Fueling from the smart mobility provider PACE Telematics. The Karlsruhe-based company's mobile payment platform is independent and thus open to inquiries from petroleum companies, POS system providers and OEMs. DKV Mobility continues its digitalization offensive with the participation in PACE Telematics. The fully automated payment and invoicing process at petrol stations, including further service offers tailored to the customer, is considered to have great potential throughout Europe.

About DKV Mobility

DKV Euro Service is one of the leading mobility service providers for the logistics and transport industry and part of the DKV MOBILITY SERVICES Group with over 1,200 employees. In 2019, the Group achieved a transaction volume of EUR 9.9 billion and was active in 42 countries.

About PACE Telematics

PACE Telematics, headquartered in Karlsruhe, is one of the technologically leading providers in the field of Connected Car Services. PACE operates a manufacturer-independent, cloud-based Automotive Big Data and IoT platform. With its technology, the start-up offers Connected Car solutions for B2B and private customers.

Taylor Wessing DKV Mobility: Dr. Ernst-Albrecht von Beauvais (Partner, Lead Partner), Daniel Mursa (Senior Associate), Dr. Dennis Häger (Associate), all M&A, Maximilian Schumann (Associate, IT Law), Dr. Michael Johannes Pils (Partner,), Thomas Vogtmeier (Senior Associate), both Employment, Pensions & Mobility, Dr. Michael Brüggemann (Partner), Dr. Melanie Niehren (Senior Associate), Julia Lechtenböhmer (Associate) all Competition, EU & Trade, Dr. Bert Kimpel (Partner), Johanna Thünnesen (Associate), both Tax, Sebastian Rünz (Senior Associate), Jennifer Pohl (Associate) both Commercial Agreements & Distribution, Dr. Nora E. Wessendorf (Senior Associate, Patents Technology & Life Sciences), Adrian Bergenroth (Associate, Commercial Real Estate), Stephan Manuel Nagel (Partner, Competition Law), Dr. Gunbritt Kammerer-Galahn (Partner), Saskia Michel (Associate) both Insurance, all Düsseldorf