Schoenherr advised the Audiotonix Group, a global market leader in the design, engineering and manufacture of professional audio mixing consoles, on the acquisition of sonible GmbH,
an Austrian start-up specialised in developing AI-assisted audio plug-ins and 3D audio systems.
Schoenherr acted as local counsel for the British law firm Marriott Harrison on all Austrian law aspects of the transaction. The Schoenherr team conducted legal due diligence and provided comprehensive transactional advice, including FDI filings and drafting and negotiation of transaction documentation.
“With this acquisition, Audiotonix is further enlarging its portfolio and is investing in the audio technology of the future,” said partner and co-head of Schoenherr’s ip & technology practice Thomas Kulnigg. “We are proud to have been part of this exciting technology transaction.”
Audiotonix Group is a British multinational company established in 2014, headquartered in the United Kingdom. The products from Audiotonix Group are used extensively in live sound, broadcast, theatre productions, installations, houses of worship, film, music creation and recording studios.
Located in Graz, Austria, sonible GmbH is a tech start-up that develops AI-assisted audio plug-ins, designs and implements 3D audio systems and builds audio hardware, transforming technological possibilities into tools for audio production.
The Schoenherr team was led by Thomas Kulnigg (partner) and further consisted of Niklas Kerschbaumer (attorney at law) and Maximilian Czernin (associate). They were supported by Christoph Haid (partner) and Theresa Saufnauer (associate) for FDI filings, and for the due diligence and specific transactional aspects by Marco Thorbauer (partner), Clemens Rainer (partner), Veronika Wolfbauer (counsel), Teresa Waidmann (counsel), Clemens Grassinger (attorney at law), Tobias Hayden (attorney at law), Alexander Pabst (attorney at law), Nina Zafoschnig (attorney at law), Dominik Tyrybon (associate), Valentin Demschik (associate), Sarah Felderer (associate) and Yvonne Kraudinger (associate).
26th June 2023