Hogan Lovells advises PTC on the acquisition of ioxp

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

Back To Listing