Clifford Chance has advised HID on its acquisition of Sewio Networks. Setina, Komendova & Partners reportedly advised Sewio Networks.
According to Clifford Chance, HID's "comprehensive suite of identification and IoT services enables customers to optimize their operations through advanced asset tracking and real-time visibility solutions. Headquartered in Austin, Texas, HID has over 4,500 employees worldwide and operates international offices that support more than 100 countries."
Brno-based Sewio Networks is a provider of ultra-wideband real-time location systems. According to Clifford Chance, the purchase aims to "enhance HID’s capabilities in asset management and smart factory automation within the industrial and automotive sectors."
The Clifford Chance team included Prague-based Counsel Michal Jasek, Associate Nikola Svobodova, and Junior Lawyers Petr Rysina and Natalie Kurkova as well as further team members in Houston and Duesseldorf.
