Vinge has advised Irisity AB on the deal.
ENB & Co. advised Motorola Solutions.
Irisity AB announced its acquisition of all shares in the Israeli company Agent Video Intelligence Ltd for a purchase price of approximately SEK 580 million.
The purchase price shall be paid in cash, and in part by way of newly issued shares in Irisity. Closing is subject to a resolution adopted at Irisity’s extraordinary general meeting to authorise the board of directors to adopt a resolution concerning a non-cash issue.
Irisity, founded in 2008, develops and markets video analytics software products for improved security and surveillance, and is publicly listed in the Nasdaq First North Growth market in Stockholm.
Agent Video Intelligence (Agent Vi™) is the leading global provider of AI-powered open architecture video analytics solutions. Agent Vi’s comprehensive offering includes software products for automatic analysis of live or recorded surveillance video, allowing real-time detection of events of interest, and quick extraction of events and data from recorded video. Agent Vi’s solutions can be deployed on-premise on the customer’s infrastructure, or delivered as a cloud-based SaaS, and are fully integrated with a variety of third-party cameras, encoders, video management systems and alarm automation software.
Vinge’s team consisted of Anders Strid (Picture), Anna Ståhlklo (M&A), Edin Agic (ECM) and Adrian Filipovic (ECM).
S. Horowitx & Co acted as legal counsel in Israel in connection with the acquisition.
ENB & Co’s team was led by partners Roy Caner and Irina (Iris) Kushel.
Involved fees earner: Roy Caner – EBN & CO – Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron; Irina Kushel – EBN & CO – Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron; Edin Agic – Vinge; Adrian Filipovic – Vinge; Anna Ståhlklo – Vinge; Anders Strid – Vinge;