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CMS ADVISES HP INC. ON $1BN+ PURCHASE OF SAMSUNG’S GLOBAL PRINTER BUSINESS

14/11/2017

Munich – International law firm CMS, as co-lead counsel alongside eminent US firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, has advised HP Inc. on its $1.05bn acquisition of Samsung Electronics Co., Ltd.’s global printer business.

As part of the transaction, CMS advised on the transfer of technology and related assets from local Samsung to local HP entities in 45 jurisdictions across six continents. HP’s acquisition of Samsung’s printer business included over 6,500 print patents and 1,300 laser printing researchers and engineers with expertise in laser technology, imaging electronics, supplies and accessories.

CMS was also able to offer HP the innovative usage of automated software, Kira, for large scale document review, adding a layer of quality control and increased efficiency. As part of the document review, CMS reviewed approximately 2,500 contracts in 22 languages, aided by its expansive global platform.

The CMS core team was led by Global Head of Technology, Media & Telecommunications Chris Watson.

The London-based CMS core team was supported in Germany by Lead Partner Dr Michael Wangemann (Partner, Corporate/M&A), Dr Anne Meckbach (Counsel, Corporate/M&A), Dr Astrid Roesener (Counsel, Corporate/M&A), Florian Seelig (Associate, Corporate), Dr Martin Mohr (Counsel, Tax), Dr Christopher Jordan (Partner, Employment), Michael Weth (Associate, Employment), Dr Kathrin Schroeders (Associate, Employment), Daniel Henning (Associate, Employment) and Stefan Lüft (Partner, Intellectual Property).

Among the 45 jurisdictions involved, the CMS team in London were supported not only from Germany but also by CMS offices in Austria, Belgium, Chile, Czech Republic, France, Hungary, Italy, Mexico, Morocco, Netherlands, Peru, Poland, Portugal, Romania, Spain, Switzerland, Turkiye and UAE.

Dr Michael Wangemann comments: “We are thrilled to have supported HP – which we have supported on national and international projects for many years – on the successful completion of this significant and strategically important deal. Our global platform and in-depth understanding of the technology sector as well as the use of Legal Tech such as Kira to review thousands of contracts have contributed to a particularly efficient execution.”

Press Contact
presse@cms-hs.com 

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