Leading global law firm Baker McKenzie advised Siemens on its acquisition of Cambridge-based UltraSoC Technologies Ltd, a provider of instrumentation and analytics solutions that put intelligent monitoring, cybersecurity and functional safety capabilities into the core hardware of system-on-chip (SoC). 

The addition of UltraSoC to Siemens enables a unified data-driven infrastructure that can enhance product quality, safety and cybersecurity, and the creation of a comprehensive solution to help semiconductor industry customers overcome key pain points including manufacturing defects, software and hardware bugs, device early-failure and wear-out, functional safety, and malicious attacks.

Commenting on the deal, Jannan Crozier, corporate partner at Baker McKenzie in London said, “We are delighted to have advised Siemens on a key strategic acquisition which will further enhance its product portfolio. The deal showcases and plays into the deep experience of our offering across both the Industrials, Manufacturing & Transportation (IMT) and Technology, Media & Telecommunications (TMT) sectors. It highlights how we are helping organisations face the major challenges in today’s market of driving new technologies, disruptive business models, and uncertainty in the global economy.”

The Baker McKenzie team was led from London by partner Jannan Crozier, senior associate Dewi Evans and associate Andrew Tyau.

This is the latest example of Baker McKenzie’s work advising Siemens on key strategic acquisitions. In September 2019, the law firm provided legal counsel on Siemens’ acquisition of Process Systems Enterprise (PSE) a technology-leading global supplier of software and services for advanced process modelling. The deal is also another example of Baker McKenzie’s TMT transactional strength following recent deals such as the Equinix’s $1 billion joint venture with GIC to develop datacentres in Japan, mobile gaming company Zynga’s $1.8 billion acquisition of Peak gaming deal, and the sale of a majority stake in social networking and dating app brand Magic Lab to Blackstone.
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