Clifford Chance advises scientific instrument manufacturer Shimadzu on its acquisition of Tescan Group

Global law firm Clifford Chance is advising Japanese scientific instrument manufacturer Shimadzu Corporation (Shimadzu) on its acquisition of Tescan Group a.s. (Tescan), a leading European electron microscopy company by purchasing all shares of Glass HoldCo s.r.o., a special purpose company indirectly holding all Tescan shares, at an estimated purchase price of US$678 million, subject to adjustments.

The multi-jurisdictional transaction will combine Tescan's electron microscopy expertise with Shimadzu's strength in analytical measurement to deliver integrated solutions for high-growth sectors such as semiconductors and life sciences.

Lead partner Natsuko Sugihara said, "Shimadzu's acquisition of Tescan highlights our ability to deliver seamless cross-border M&A advice. This transaction significantly enhances Shimadzu’s portfolio in advanced measurement technologies, enabling the provision of even more comprehensive solutions for the semiconductor and healthcare. Our cross-border team worked seamlessly across 12 jurisdictions to manage the complexities of this transaction, and we are proud to have supported Shimadzu in strengthening its global position."

Natsuko and a team in Tokyo and Prague* advised on the transaction, which includes partner Michal Jašek, counsel Shunsuke Nagae, senior associate Hiromu Suemasa and Tomáš Procházka, associates Nikola Svobodová, Lewin Lim, Nao Kondo and Erina Ikegaya, and junior lawyers Natálie Kurková, Matěj Pavlík, Petr Ryšina, Petr Pochman, Sho Taniyama and Melissa Bleackley. A wider team in Brussels, Düsseldorf, Hong Kong, London, New York, Paris, Shanghai and Singapore provided specialist advice.

The firm previously advised on the financing of Carlyle's earlier acquisitions of Tescan and Meopta, as well as on the acquisition of Adastra Group, a Czech-Canadian technology company specialising in business intelligence, data management and digital transformation.

*Clifford Chance has entered into an association agreement with Clifford Chance Prague Association S.R.O. in Prague.