Graf von Westphalen advises Ubisense in 45 million euro listing in London
Together with the UK law firm Mills & Reeve, Graf von Westphalen has advised Ubisense Group plc., a leading global provider of real-time location systems, in its public listing on the London Stock Exchange (LSE). Graf von Westphalen was in charge of the German legal aspects of the IPO preparations, including the legal due diligence of German subsidiary Ubisense AG. The Graf von Westphalen team was headed by Hamburg Partner Dominik Ziegenhahn (corporate law/M&A, corporate finance) and included Malte Evers, also a Partner at Graf von Westphalen (labor law), as well as Florian Puschmann (corporate law/M&A), both also from the Hamburg office.
With its initial public offering in the Alternative Investment Market (AIM), the LSE’s growth segment, scheduled for June 22, 2011, Ubisense is the first British software and IT company to go public in over a year. Aside from asset tracking solutions such as geospatial systems and process monitoring solutions for the utilities sector, Ubisense specializes in the development of innovative, highly precise real-time location systems based on ultra-wideband technology. Over the past few years, Ubisense has equipped numerous production locations of leading automotive manufacturers (Aston Martin, BMW, GM, Fiat and Honda) with real-time location systems. In several instances, the technology has also been used in aircraft production (Airbus, Boeing and Marshall).
Ubisense was founded by four leading global location technology experts in 2002. Alongside its head office in Cambridge, the company operates sales and consulting affiliates in Germany, France, the UK, North America and Asia. In connection with its IPO, Ubisense has collected about 9.7 million euros to finance its future growth. The listing in the AIM segment on June 22, 2011, will give Ubisense a market capitalization of about 45 million euros and a reliable long-term source of capital. Ubisense plans to accelerate the continued development of its market-leading technology while pushing ahead with its international expansion and tapping new markets.
News
Federal Administrative Court: Fehmarn Belt Fixed Link may be built
The Federal Administrative Court has dismissed all six pending appeals against the planning decision on the Fehmarn Belt Fixed Link. Construction of the tunnel may therefore now also begin in Germany. GvW advised the State of Schleswig-Holstein and was represented by a Hamburg team consisting of Dr Ronald Steiling (lead), Corinna Lindau, Dr Dietrich Drömann, Prof. Dr Christian Winterhoff, Dr Andreas Wolowski, Saskia Soravia, Dr Stefanie Ramsauer, Dr Annika Bleier, Felix Kazimierski and Niclas Langhans. (BVerwG 9 A 6.19, 9 A 7.19, 9 A 9.19, 9 A 10.19, 9 A 11.19, 9 A 12.19 and 9 A 13.19).
H4 Hotel Mönchengladbach at BORUSSIA-PARK: the place for that Bundesliga feeling
Football is king at H-Hotel Group’s new H4 Hotel in Mönchengladbach. Its location right next to the stadium and the theme rooms depicting the history of the Borussia Dortmund football club make this new hotel unique and a must for any football enthusiast. Our lawyers had the pleasure of advising H-Hotels Group on the creation of its first football-themed hotel and took the chance to visit this amazing place shortly after its opening.
Transport System Bögl: new local public passenger transport system a big success in China
The Max Bögl group of companies has developed a new local public passenger transport system. The system called “Transport System Bögl” (TSB) uses magnetic levitation, or “maglev” technology and provides a clean and cost-efficient means of transport for better mobility in inner city areas. The technology is becoming increasingly popular also in other countries: Max Bögl’s most recent export order was the sale of its TSB to China. The company’s plans include building a 3.5 km test track in Chengdu and extensive marketing activities to promote the technology in China – all through a sales partnership with a Chinese company.
You don't want to miss any more of the latest legal developments? And be invited to our events? Then register here.