Austria: Schoenherr advises PTC on strategic acquisition of IncQuery Group

The firm provided comprehensive legal advice throughout the transaction, including drafting the share purchase agreement, conducting due diligence and negotiating post-closing integration. The acquisition further expands PTC's extensive expertise in application lifecycle management (ALM), systems engineering and product lifecycle management, enhancing its support for customers in these areas.

"We are grateful to have advised PTC on its strategic acquisition of IncQuery Group, a move that reinforces PTC's commitment to enhancing its engineering and product development capabilities," said Schoenherr partner Thomas Kulnigg, who led the team.

"This transaction marks another milestone in PTC's expansion within digital engineering, and we were pleased to support them," said Niklas Kerschbaumer, attorney at law, who co-led the team. "IncQuery Group’s expertise will contribute significantly to the integration of PTC's ALM and PLM portfolios, strengthening its ability to serve customers worldwide."

PTC is a global software company that enables manufacturers and product companies to digitally transform the way they design, manufacture and service the physical products the world depends on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally.

IncQuery Group, with subsidiaries in Hungary and the USA, offers application lifecycle management and systems engineering development as well as consultancy services to global manufacturers and product companies. IncQuery Group helps simplify the product development process by connecting hardware and software engineering systems.

The Schoenherr team was led by Thomas Kulnigg (partner) and Niklas Kerschbaumer (attorney at law) and further included Maximilian Czernin (associate) and Alexander Giehser (associate). FDI and compliance-related matters were covered by Christoph Haid (partner), Helene Ecker (associate) and Theresa Dabsch (associate).

Hogan Lovells acted as local counsel in Hungary, with a team comprising Sándor Békési, Ákos Kovách, Gábor Kószó and Zoltán Molnár.

PTC's in-house legal team was led by Michael Goldstein (VP, EMEA Counsel).

The sellers were represented by Act Legal (Paul Koppenwallner) in Austria and by Winkler, Barna & Associates Law Office (Gergő Lukácsy) in Hungary.