P+P advises ZEISS on the establishment of a German-American Smart Glasses joint venture with Deutsche Telekom
The company named tooz technologies is based in the US and Germany. Financed at 50% each, the company assumes strategic and operational responsibility for the further development of ZEISS optical technology and Telekom's technology in the areas of connectivity and uninterrupted application.
ZEISS is a global technology group in the optoelectronic and optoelectronic industry. In fiscal year 2016/17, the group generated sales of approx. EUR 5.3 billion with ca. 27,000 employees. With approx. 165 million mobile customers, 28.5 million fixed-line and 18.5 million broadband connections, Deutsche Telekom is one of the leading integrated telecommunications companies worldwide.
P+P Pöllath + Partners comprehensively advised Zeiss on the founding of the joint venture with the following team:
- Dr. Michael Inhester (partner, lead, M&A)
- Daniel Wiedmann (counsel, antitrust law & European merger control, Frankfurt)
- Dr. Roman Stenzel (counsel, corporate M&A, Munich)
