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.