RealWear's Strategic Leap with Almer Technologies Acquisition
Deal News | Dec 04, 2024 | Legal Community Swiss
RealWear, a prominent player in wearable computing for industrial applications, announced the acquisition of Almer Technologies, a manufacturer known for its compact, user-friendly augmented reality (AR) headsets. This strategic move was financially supported by TeamViewer, a notable provider of enterprise AR software. The legal guidance for the transaction was provided by Walder Wyss, with a team led by Partner Marion Bühler and Associate Letizia Schlegel specializing in corporate mergers and acquisitions.
Sectors
- Wearable Technology
- Augmented Reality
- Corporate Law
Geography
- Switzerland – Walder Wyss, the legal advisory firm involved, is based in Switzerland, indicating its relevance in the deal.
Industry
- Wearable Technology – The deal involves RealWear, a company specializing in wearable computing, acquiring another technology-focused company, Almer Technologies.
- Augmented Reality – Both RealWear and Almer Technologies are involved in developing AR products, with the acquisition aiming to enhance AR tech capabilities.
- Corporate Law – Walder Wyss provided corporate/M&A legal services for this transaction, highlighting the industry's legal aspect.
Financials
- – No specific financial amount of the acquisition was provided.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RealWear | Acquirer | Company | A producer of wearable computing for industrial applications. |
| Almer Technologies | Target Company | Company | Manufacturer of compact, user-friendly augmented reality (AR) headsets. |
| TeamViewer | Backer | Company | Provider of enterprise AR software and financial backer of the acquisition. |
| Walder Wyss | Legal Advisor | Company | Advised RealWear on the acquisition with a team specializing in corporate/M&A. |
| Marion Bühler | Partner, Corporate/M&A | Person | Led the legal team from Walder Wyss advising RealWear. |
| Letizia Schlegel | Associate, Corporate/M&A | Person | Supported in leading the legal advisory for the acquisition. |