Cuatrecasas advises Libelium on acquiring HOPU as part of its growth strategy
Cuatrecasas advised Libelium Comunicaciones Distribuidas S.L. (Libelium
) on buying HOP Ubiquitous S.L. (HOPU
). This is Libelium’s first transaction after adding Axon Innovation Growth IV F.C.R. to its shareholders and marks an additional step in its growth strategy.
HOPU provides solutions for environmental, meteorological and noise monitoring for smart cities. This acquisition improves Libelium’s technological portfolio and furthers its goal toward leading the IoT solutions sector.
Ángel Modrego, counsel at Cuatrecasas states: “We are proud of having helped bring this transaction to fruition. It is a significant milestone in Libelium’s history. We hope to continue supporting the company in the upcoming stages of its expansion and growth strategy.”
The team handling the transaction was made up of Cuatrecasas lawyers Rocío Agreda, Ignacio Liria and Ángel Modrego. HOPU was advised by Lex Crea lawyers Robert Burgell and Vadin Pidhorodetskyy.