01.02.2022 / Deals & Cases
Deal: Jakob Müller Holding AG sold TexTrace
Jakob Müller Holding, a leading Swiss OEM for the textile industry, has announced that it has sold TexTrace AG, ("TexTrace"), a technology developer that specializes in custom-made woven and knitted RFID products which can be sewn onto or inserted into garments, to Avery Dennison Corporation (NYSE:AVY).
The innovative technology developed by TexTrace provides the opportunity to fully integrate RFID into garments. Brand labels with built-in RFID are an all-in-one solution for product branding, brand and theft protection, product availability and consumer interaction.
We advised Jakob Müller Holding AG on this transaction regarding all legal aspects.
Our team was led by Beat Speck (Partner, M&A / Corporate) and included Barbara Brauchli (Partner, Tax), Michael Tschudin, (Partner, Competition), Stefan Müller (Partner, Employment Law), Anna Tomaschek (Associate, M&A / Corporate), Claudia Keller (Counsel, IP / Data Protection), Remo Kündig (Associate, Tax) and Matea Brezovic (Junior Lawyer, M&A / Corporate).