NKF’s counsel for Shearwater investment on Mondaic AG
Niederer Kraft Frey (NKF) with a team led by Espen Werren helping with Norwegian law matters, provided legal counsel for Shearwater’s new investment in Mondaic AG.
NKF’s team Technology/Data Protection partner Clara-Ann Gordon (pictured on the right) and Corporate/M&A partner Patrik Peyer (pictured on the left) together with Alexander Göbel (Corporate/M&A leading associate), Sabrina Gysi (Corporate/M&A associate), Camille Stucker (Corporate/M&A junior associate) and Jonathan Felber (IP/Technology associate).
As a result of the agreement, Shearwater has obtained exclusive and perpetual rights to utilise and advance Mondaic Ltd’s wavefield simulation and inversion codes, together with an equity stake in the company.
Shearwater
Founded in 2016 in Bergen, Norway, Shearwater is a global marine geoscience and technology business employing over 1200 people. The organisation explores the the seabed by using the state-of-the art seismic vessels and processes the data using market-leading proprietary software.
Mondaic AG
Mondaic AG, a start-up born in 2018 at the Federal Institute of Technology Zurich (ETH), provides proprietary software and services for high-resolution 3-D imaging using ultrasonic or geophysical waves. According to Lion Krischer (Director of Software and Products) the strategic collaboration with Shearwater will be “key for applications in ultrasonic inspection”.
