Press releases 20 January 2020

Wistrand advises on the sale of Systemite

Wistrand acted as legal advisor to the sellers in the sale of Systemite AB. The buyer, JCE, acquired 70 percent of the shares in the company.

Systemite AB is a software company that develops and sells the SystemWeaver platform, which helps global product development organizations manage complex development information for products with software content.

The platform can be applied in several different industries and has a strong foundation in the automotive industry with customers such as AB Volvo, CEVT, Geely, Volvo Cars, NEVS, but is also used by customers in other industrial sectors such as e.g. ABB and HIAB.

Wistrand’s team consisted of lead partner Vilhelm Nyström, Sara Fager Hultqvist, Senior Associate (M&A), Erik Ullberg, Partner (IP), Maria Kosteska Fägerquist, Partner  (Employment) and Caroline Törngren (paralegal).