Shanghai – K&L Gates LLP has advised the major shareholder of Taiwanese  low-power E-paper engineer Pervasive Displays Inc. on the sale of 100% of the outstanding shares of the company to Euronext-listed SES-imagotag. The transaction includes an upfront consideration paid partly in SES-imagotag shares and in cash, together with a contingent earn-out payment.

A pioneer for the integration of E-paper screens in electronic shelf labels, Pervasive Displays develops applications in various sectors such as logistics, health, industry and trade. The acquirer is a specialist in digital solutions for physical commerce and electronic labelling systems.

A cross-border team of lawyers from K&L Gates’ Paris, Shanghai, and Taipei offices acted on the deal. The team was led by Shanghai-based partner Ian Liao, and included Taipei Administrative Partner Jacqueline Fu and Paris partner Olivia Lê Horovitz, who were assisted by associates Richard Hsu (Taipei) and Sidney Lichtenstein (Paris).