Gleiss Lutz advised Garmin Ltd., a leading provider of mobile navigation solutions, on its acquisition of Navigon AG. In the future Navigon will operate as a subsidiary of US competitor Garmin.
Previously, 90 percent of Navigon was owned by the financial investor General Atlantic Partners. With its headquarters in Hamburg, Navigon has offices in Europe, Asia and North America.
The takeover is still subject to approval by the cartel authorities. The financial terms and conditions of the transaction are confidential.
The Gleiss Lutz team advising Garmin was made up of: Dr. Jörn Wöbke (partner, lead, corporate/M&A, Hamburg), Prof. Dr. Gerhard Wegen (partner, corporate/M&A, Stuttgart), Jan Christoph Mosch, Christian Mencke (both corporate/M&A, Hamburg), Dr. Stefan Weidert (partner), Dr. Herwig Lux (IP/IT, Stuttgart), Barbara Klüßendorf (IP/IT, Berlin), Linda Bittner (IP/IT, Stuttgart), Dr. Stefan Lingemann (partner, employment, Hamburg/Berlin), Dr. Charlotte Beck, Dr. Rut Groneberg (both employment, Berlin), Dr. Wolfgang Bosch (partner), Dr. Alexander Fritzsche, Dr. Julia Marquier (all antitrust, Frankfurt), Dr. Michael Marquardt (partner, Frankfurt), Dr. Johann Wagner (Hamburg, both tax).
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