Cederquist advises Mips AB (publ) in connection with the financing of the acquisition of Koroyd

Cederquist has advised Mips AB (publ) in connection with its financing of the acquisition of all shares in Koroyd SARL and SCP George TFE (together “Koroyd“). Koroyd is based in Monaco and is a pioneer in the development of advanced impact protection technology for head and body safety, which is complementary to Mips’ technology.

Mips specializes in helmet-based safety and is a world-leader in this area. Based on an ingredient brand business-model, Mips’ safety system is sold to the global helmet industry. The technology is based on over 25 years of research and development together with the Royal Institute of Technology and the Karolinska Institute, both located in Stockholm, Sweden. Mips’ headquarter with 87 employees engaged in research and development, sales, marketing and administration is in Stockholm, where its product and technology test facility also is located. The Mips share is listed on Nasdaq Stockholm.

For further information, please refer to the press release published by Mips, available at: Mips acquires Koroyd, strengthening world-leading helmet safety technology portfolio with complementary technology

Cederquist’s team consisted of Berndt Pettersson as responsible partner, assisted by associates Julia Sun and Hilma Meiby.