Shearwater invests in Mondaic and enters into strategic partnership

Niederer Kraft Frey acted as counsel to Shearwater GeoServices AS on its investment in Mondaic AG and the entering into a strategic partnership.

Shearwater is a global marine geoscience and technology business that specialises in collecting data offshore. The organisation uses state-of-the art seismic vessels and equipment to explore the seabed and processes the data using market-leading proprietary software. Shearwater’s headquarter is in Bergen, Norway, with more facilities all around the globe. The company employs around 1’200 people.

Mondaic is an ETH spinoff providing proprietary software and services for high-resolution 3-D imaging using ultrasonic or geophysical waves.

With regard to Norwegian law aspects, the NKF team was supported by a team led by Espen Werren from Advokatfirmaet Thommessen.

The NKF team was led by Technology/Data Protection partner Clara-Ann Gordon and Corporate/M&A partner Patrik Peyer, working with leading associate Alexander Göbel, associate Sabrina Gysi, junior associate Camille Stucker (all Corporate/M&A), as well as associate Jonathan Felber (IP/Technology).