Four Decades for Justice
November 20, 2023
On November 14, 2023, engineering and technology company Technip Energies announced the launch of Reju, a company focused on PET (Polyethylene terephthalate) recycling of textiles that will leverage technology co‑developed in a joint venture with IBM and Under Armour. IBM, Under Armour and Technip Energies have been working together since 2021 to bring VolCat, an IBM technology for rejuvenating waste PET packaging and polyester, to an industrial scale. VolCat allows the selective breakdown of polymers which IBM first applied to technologies like semiconductor lithography and microelectronics packaging, which Reju intends to use to address hard‑to‑recycle polyester garments and PET packaging lost to the waste stream. Cravath is representing IBM in connection with the joint venture and matters relating to the establishment of Reju.
The Cravath team is led by partner George F. Schoen and includes associates Saagar Kaul and Natan Sebhat on M&A matters; partner J. Leonard Teti II and associate Christopher M. Winters on tax matters; partner Jonathan J. Katz and associate Anna Mikaelayn on executive compensation and benefits matters; and partner Sasha Rosenthal‑Larrea and associate Ryan J. Wichtowski on intellectual property matters.
Deals & Cases
May 17, 2023
On May 16, 2023, IBM announced it has acquired Polar Security, an innovator in technology that helps companies discover, continuously monitor and secure cloud and software‑as‑a‑service (SaaS) application data. Cravath is representing IBM in connection with the transaction.
Deals & Cases
February 09, 2023
On February 8, 2023, IBM announced the acquisition of StepZen Inc, which developed a GraphQL server with a unique architecture that helps developers build GraphQL APIs quickly and with less code. Cravath is representing IBM in connection with the transaction.
Deals & Cases
December 08, 2022
On December 7, 2022, IBM announced an agreement to acquire Octo, a U.S.-based IT modernization and digital transformation services provider exclusively serving the U.S. federal government, including defense, health and civilian agencies. IBM's acquisition of Octo establishes one of the largest digital transformation partners to the federal government. Cravath is representing IBM in connection with the transaction.
Deals & Cases
July 09, 2022
On July 6, 2022, IBM announced it has acquired Databand.ai, a leading provider of data observability software. Cravath is representing IBM in connection with the transaction.
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