Krogerus advises Qt on its tender offer for IAR

Krogerus is advising Qt on its recommended voluntary public tender offer for all the outstanding Class B shares in I.A.R. Systems Group. The offer values IAR's equity at SEK 2.3 billion, and the Board of Directors of IAR has unanimously decided to recommend that the shareholders of IAR accept the tender offer.

Qt is a global software company, trusted by industry leaders and over 1.5 million developers worldwide to create applications and smart devices that users love. Qt helps its customers to increase productivity through the entire product development lifecycle: from UI design and software development to quality management and deployment. Shares in Qt Group Plc are listed on the official list of Nasdaq Helsinki.

IAR provides software and services for embedded development used by companies worldwide for the creation of secure products, supporting the development of embedded applications across various industries, including automotive, industrial automation, IoT, MedTech, military, and public safety. Class B shares in IAR are listed on Nasdaq Stockholm, Mid Cap.

The Krogerus team is led by Managing Partner Mårten Knuts and Partners Antti Luhtala and Paul Raade. They are primarily assisted by Counsel Samuli Torpisto, Senior Associate Olli Silvennoinen and Associates Manu Honkanen, Santeri Jääskeläinen, Eemeli Kastikainen, Tuuli Merikallio and Jonna Vähäsöyrinki. Partner Päivi Toivari leads the advice on financing matters, and she is primarily assisted by Counsel Jenna Kiiskinen and Associates Silja Piippo and Linda Tuhkunen. Partner Simo Autio leads the advice on competition and regulatory matters, and he is primarily assisted by Counsel Alina Böling, Senior Associate Eveliina Tanskanen and Associate Jonni Tiainen. Partner Kalle Hynönen leads the advice on technology, data and IP matters. Partner Ritva Aalto leads the advice on tax matters.