Daimler UK Limited entered into an agreement to acquire YASA Limited from Universal Partners Limited (MUSE:UPL.N0000) and others on July 22, 2021. Under the terms of the acquisition, YASA and its 250 employees will continue to operate from its UK headquarters and YASA will operate as a wholly owned subsidiary of Mercedes-Benz. The Transaction is subject to a number of conditions precedent, which are expected to be met over the course of the next few weeks.