The listed GN Store Nord A/S (CPH: GN), headquartered in Ballerup near Copenhagen, Denmark (“GN“) has acquired a shareholding in audEERING GmbH with registered seat in Gilching, county of Starnberg, Germany („audEERING“). The transaction value was not disclosed.
GN is a global leader in intelligent audio solutions both in the medical sector (for example: hearing aids) and in the professional&consumer audio solutions sector (for example headsets, headphones and hands-free telephone devices).
audEERING was founded in 2012 as a spin-off of TU München and is innovation leader in the field of intelligent audio analysis and artificial emotional intelligence. Through innovative machine learning and big data processes, audEERINGs technology analyses the acoustics of surroundings, speech and more than 50 mental states of the speaker. audEERINGs customers include multi-national corporations such as Huawei, BMW, GfK, Red Bull Mediahouse and Ipsos.
GN was advised by GvW Graf von Westphalen with a team operating across various offices: Dr. Ritesh Rajani (Hamburg), Felix Wolf (lead, Munich; both Corporate M&A), Dr. Joachim Mulch (IP, Düsseldorf,), Stephan Menzemer (IT/Data Protection, Frankfurt), Christian Kusulis (competition law, Frankfurt); Associates: Laurens Klinkert (Corporate M&A, Hamburg), Anton Kastenmüller (labor law, Munich), Michael Herold (IT/Data Protection, Frankfurt).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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