Highlight — 5 May 2014
Krogerus advises sellers on Facebook’s acquisition of fitness application developer ProtoGeo
Krogerus advised the sellers on Facebook’s acquisition of Finland-based ProtoGeo Oy. The transaction value is undisclosed.
ProtoGeo is a software company founded in 2012 that sells an application called Moves. The application passively tracks a user’s daily activity with a phone’s built-in accelerometer in order to provide all-day tracking without decreasing the phone’s battery.
The Krogerus team, led by managing partner Juha Pekka Katainen, included counsel Jan Johanson, senior associate Carola Möller and associate Joakim Jansson.
Next highlight — Krogerus advises TDC on its EUR 154 million divestment of Finnish subsidiaries to DNA