Pinsent Masons advises Siemens on acquisition of Lightwork Design
25 Sep 2018 | 02:15 pm |
International law firm Pinsent Masons has successfully advised Siemens on its acquisition of UK based software business Lightwork Design.
Lightwork Design is a computer software and technology licensing company based in Sheffield, UK.
The acquisition will allow Siemens to provide customers with enhanced 3D data visualisation, high-end rendering and virtual reality capabilities via its comprehensive suite of 3D product lifecycle management (PLM) software applications.
The deal also expands Siemens 'open business' strategy with a commitment to continue to provide software toolkits for 3D data pre-processing for visualisation, rendering and virtual reality, helping continue Siemens' market-leading position in technology licensing to independent software vendors. The company will become part of Siemens PLM Software, a business unit of the Digital Factory division.
Thilo Schneider, Legal Director at Pinsent Masons said "This deal is a significant milestone for Siemens in being able to expand their data visualisation, rendering and 3D capabilities. We are delighted to have been able to bring together a multidisciplinary team to advise Siemens on this acquisition and to have played our part in contributing to its broader digitalisation strategy."
The Pinsent Masons team was led by Legal Director, Thilo Schneider alongside Michael Hamill (Corporate) with specialist input from Suzannah Crookes and Stacey Callaghan (Share Plans & Incentives) and Jamie Robson and Margaret Rankin (Tax).
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