Media: Press Releases | 30 September 2020
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Led by Munich Partner Nikolas Zirngibl, international law firm Hogan Lovells advised Parametric Technology Holding Germany GmbH, a subsidiary of PTC Inc., on the acquisition of ioxp. The transaction was signed and closed on 9 July, 2020. The transaction value is confidential.
PTC Inc. (NASDAQ: PTC), founded in 1985, is a global technology company with headquarters in Boston, Massachusetts. The company provides a combination of Augmented Reality, Industrial IoT, PLM and CAD solutions and technology platforms for a variety of industries, from engineering, supply chain and manufacturing to sales and service.
ioxp is a spin-off of the German Research Center for Artificial Intelligence (DFKI). The company is a pioneer in the field of video-based augmented reality and offers solutions for knowledge transfer, training systems and quality assurance.
PTC plans to integrate ioxp technology for validation and verification of process instructions into its Vuforia® enterprise AR solutions.
Hogan Lovells team for PTC
Dr. Nikolas Zirngibl (Partner), Thiemo Woertge (Senior Associate), (both Corporate M&A, Munich);
Dr. Martin Pflüger (Partner), Dr. Marion Fischer (Counsel), David Bamberg (Senior Associate), (all Intellectual Property, Munich);
Dr. Kerstin Neighbour (Partner), Dr. Sabrina Gäbeler (Counsel), Rebecca Reinhardt (Associate), (all Employment, Frankfurt);
Audrey Reed (Partner, Intellectual Property, Washington D.C.);
Stephanie Keen (Partner), Mark Vincent (Associate), (both Corporate M&A, Singapore).
PTC Inhouse Team
Dr. Tobias Broda, LL.M., Senior Vice President, EMEA Counsel
Axel Heltzel, Director, EMEA Corporate Counsel
Michael Goldstein, Director, Associate Counsel Russia, Eastern, Central Europe and Benelux