Home/Cases/Setterwalls has assisted Gapwaves AB in entering into an exclusive licensing and... case / 16 Jun 2021Share / Setterwalls has assisted Gapwaves AB in entering into an exclusive licensing and development agreement with Hella GmbH & Co. KGaA including the investment of MSEK 182 Setterwalls has assisted Gapwaves AB in entering into an exclusive licensing and development agreement with Hella GmbH & Co. KGaA, one of the largest manufacturers of radar for the automotive industry. As part of the agreement, Hella will invest MSEK 182 in Gapwaves covering 10 % of Gapwaves’ capital. The license agreement on corner and side radar gives Hella an exclusive right to use Gapwaves’ patented technology for waveguide-based antennas. Gapwaves will further cooperate with Hella in the development of antennas for radar with a predicted start of production in 2024. Under the agreement, Hella will invest MSEK 182 in Gapwaves in a directed new issue of 3,100,000 B shares covering 10 % of Gapwaves’ capital. Contact: Johan Hallén, Anna Hildingsson Practice areas: Intellectual property, marketing and media law, Mergers & Acquisitions, M&A, Commercial agreements, Equity Capital Markets, Automotive industry Back Next article