Mills & Reeve has advised Ubisense Group on its acquisition of Japanese company Geoplan Interworks KK for a maximum consideration of JPY564.7m (£3.2m).
The Mills & Reeve team led on the UK aspects of the transaction with support from its SCG Legal relationship firm in Japan, Matsuo & Kosugi, which advised on the transaction from a Japanese perspective.
Ubisense provides end-to-end real-time location solutions to companies, allowing them to track people and assets accurately. For Ubisense, the acquisition of Geoplan Interworks represents a significant step forward as it looks to expand its business into Asia.
Mills & Reeve has advised Ubisense since 2010, most notably through the company’s AIM initial public offering in 2011 and on two other acquisitions since its admission to AIM.
The team was led by corporate partner Stephen Hamilton.