Harman International Industries, Inc. acquires Canadian software company for US$138 million
Represented Harman International Industries, Inc., a large U.S.-based international, publicly-traded company in the acquisition of QNX Software Systems Ltd.
Matter Value: US 138,000,000
Tuesday, 30 November 2004
On November, 30, 2004, QNX Software Systems Ltd., an Ottawa-based software company, was acquired by Harman Canada Co., a subsidiary of Harman International Industries, Inc. for a purchase price of US$138 million. QNX is a world leader in the development of real time operating systems for advanced embedded applications.
The transaction included some pre-transaction tax restructuring, significant due diligence and the post-closing integration of the new business into its ultimate parent.
Harman was represented by general counsel, Ed Summers, and by Davis LLP in Toronto and Vancouver, with a team that included Sandra Appel and Justin Mooney (corporate), Chris Bennett and David Spratley (intellectual property), Scott Dunlop and Michael Richards (employment), and Kevin Wright (competition).
M. Sandra Appel
Michael S. Richards