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Eversheds Sutherland has advised PiezoMotor

  • Sweden

    20-12-2021

     

    Eversheds Sutherland is proud to having advised PiezoMotor Uppsala AB (publ) (“PiezoMotor”) on their acquisition of all shares in the US company, The Precision Alliance Motion, LLC (“TPA”), a developer and manufacturer of advanced positioning systems within, amongst other, Life Science applications. Purchase price amounts to 24 MUSD on a cash and debt free basis, payable in cash and equity. 

    PiezoMotor is a world-leading developer and producer of groundbreaking micro motors based on piezoelectric materials with main customers within the fields of Diagnostics, Semi-Conductor industry and Advanced Optical measurement. 
    The acquisition of TPA will strengthen PiezoMotor’s position within precision and positioning and will give them a strong presence in the US.

    In relation to the acquisition of TPA, Eversheds Sutherland has also advised on Piezo Motor’s directed new share issue through an accelerated book building procedure, raising 160 MSEK to PiezoMotor.

    Eversheds Sutherland's team consisted of Gabriel Albemark, Mark Falkner and Sofia Timoudas from the Stockholm office and Lance Philips and Paul Hogan from the Chicago office.

    Eversheds Sutherland is proud to having advised PiezoMotor Uppsala AB (publ) (“PiezoMotor”) on their acquisition of all shares in the US company, The Precision Alliance Motion, LLC (“TPA”), a developer and manufacturer of advanced positioning systems within, amongst other, Life Science applications. Purchase price amounts to 24 MUSD on a cash and debt free basis, payable in cash and equity. 

    PiezoMotor is a world-leading developer and producer of groundbreaking micro motors based on piezoelectric materials with main customers within the fields of Diagnostics, Semi-Conductor industry and Advanced Optical measurement. The acquisition of TPA will strengthen PiezoMotor’s position within precision and positioning and will give them a strong presence in the US.

    In relation to the acquisition of TPA, Eversheds Sutherland has also advised on Piezo Motor’s directed new share issue through an accelerated book building procedure, raising 160 MSEK to PiezoMotor.

    Eversheds Sutherland's team consisted of Gabriel Albemark, Mark Falkner and Sofia Timoudas from the Stockholm office and Lance Philips and Paul Hogan from the Chicago office.

     

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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