Dentons has advised Slovak technology company Photoneo – a leading provider of industrial 3D vision, AI-powered automation solutions and robotic intelligence software –- on the sale of its business to the Chicago-based Zebra Technologies, a Fortune 1000 NASDAQ-listed leader in smart data capture technology.

Based on a patented 3D technology, Photoneo has developed the world’s highest-resolution and highest-accuracy 3D camera, thus unlocking the full potential of powerful, reliable, and fast machine learning and also reducing training and deployment time.

Following the acquisition, the Photoneo Brightpick Group will be renamed Brightpick and continue operating as an independent entity. The proceeds from this deal will enable Brightpick to accelerate its growth, develop new products, and bring its AI robots to even more customers around the world. With this planned acquisition, Zebra will scale its growth in 3D machine vision to meet the rising demands of key industries.

Partner and Co-head of Dentons’ Corporate and M&A group in Europe Rob Irving, partner Juraj Gyárfáš and senior associate Sebastian Ishiguro led the cross-jurisdictional team. The team included counsel Kamran Pirani, associates Brigitta Kovacs and Aliz Wulcz and trainees Abbey Varns and Alen Gavric in Budapest; partner Stanislav Ďurica, senior associates Drahomír Široký, Michal Záthurecký and Tomáš Pavelka, and associate Erik Kožúrik in Bratislava; partner Michael R. Maryn in Washington, DC; and partner Philipp Byers and associate Michelle Eiberger in Munich.

This is the fourth high-profile sale of a Slovak technology business on which Dentons has advised in recent years. Other notable deals include advising the founders/sellers on Bloomreach’s acquisition of Exponea, Cisco’s acquisition of Slido, and Microsoft’s acquisition of Minit.

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