DLA Piper has advised Qualcomm Incorporated on the acquisition of Euvision Technologies. The acquisition of Euvision, a specialist in image recognition applications powered by artificial intelligence, originally spun out of the University of Amsterdam in the Netherlands in 2009, is one of a series of investments made by San Diego based Qualcomm in the highly sophisticated computer technologies sector across the US and Europe.
Euvision is a valuable addition to Qualcomm's already significant global business portfolio, which sees the business operate in 40 countries worldwide.
The DLA Piper team was led by Richard Fens, Richard van Schaik, RĂ³bin de Wit and Diederik Schuurmans in Amsterdam and Mark Lehberg, David M. Clark, Kamla Topsey and Richard Bull in San Diego, with additional support from experts in M&A, Tax, Intellectual Property and Employment Law.
Richard Fens, partner at DLA Piper stated: "Being able to advise Qualcomm on this transaction has been a pleasure. Due to the essential protection of the intellectual property rights involved as well as the close affiliation and cooperation between Euvision and the (semi-governmental) University of Amsterdam made this deal challenging and complex."