Willkie advises shareholders on the sale of Arioso Systems to Bosch
Frankfurt a. Main — The founders and investors (including Brandenburg Kapital GmbH, Fraunhofer e.V. and High- Tech Gründerfonds) of Arioso Systems GmbH (the “Shareholders”) have sold their shares in Arioso Systems GmbH (“Arioso”) to Bosch Sensortec GmbH, a subsidiary of Robert Bosch GmbH (“Bosch”). Willkie advised all shareholders including the founders and investors (among others Brandenburg Kapital GmbH, Fraunhofer e.V. and High- Tech Gründerfonds) of Arioso Systems GmbH (the “Shareholders”) on the sale of their shares in Bosch Sensortec GmbH.
The shareholders have agreed to sell Arioso, a Fraunhofer IPMS spin-off for the commercialization of Nanoscopic Electrostatic Drive (NED) μSpeaker- technology, to Bosch. — Arioso’s product portfolio includes general and custom microelectromechanical systems (MEMS) and application-specific integrated circuits (ASIC).
The parties have agreed not to disclose details of the transaction. The transaction is expected to close in Q2 2022.
Founded in 2019, Arioso aims to become a leading provider of μSpeaker technology for the ultra-mobile audio world. Unlike conventional speakers and the few other MEMS speakers available, Arioso’s tiny MEMS speakers contain neither a diaphragm nor magnets, but are made entirely of silicon. They can be mass-produced inexpensively using standard processes for complementary metal oxide semiconductors, making them easily scalable for the mass market.
Willkie advised on all aspects of the transaction, KNPZ Rechtsanwälte advised on IP, IT and data protection issues.
Advisor to the shareholders of Arioso Systems GmbH: Willkie Farr & Gallagher LLP
Partner Miriam Steets, Foto (Corporate/M&A, Frankfurt), Partner Dr. Bettina Bokeloh (Tax, Frankfurt), Partner Dr. Jens-Olrik Murach (Antitrust, Brussels), Counsel Wulf Kring (Tax, Frankfurt) and Associates Andrej Popp, Nils Bock (both Corporate/M&A), Martin Waskowski (Labor Law) and Aurel Hille (Antitrust, all Frankfurt).
Willkie Farr & Gallagher LLP is an international law firm of more than 1,000 lawyers with offices in Brussels, Chicago, Frankfurt, Houston, London, Los Angeles, Milan, New York, Palo Alto, Paris, Rome, San Francisco and Washington. The firm is headquartered in New York at 787 Seventh Avenue, Tel: +1 212 728 8000.
The KNPZ team included partner Dr. Kai-Uwe Plath and associate Christoph Jenal (both Hamburg).