A leading Midlands legal services business has supported a smart device company to acquire a Surrey-based health technology company – enabling it to launch a ground-breaking new upgrade.
Ultrahuman, a global leader in wearable health technology, has announced its acquisition of viO HealthTech – a technology company which specialises in women’s health monitoring.
Legal services business Wright Hassall, based in Leamington, acted on behalf of Ultrahuman, based in India, to acquire the business.
Ultrahuman is a global health technology company developing cutting-edge wearables and intelligent software to help users optimise sleep, recovery, movement, and reproductive awareness.
The company’s flagship product is the Ultrahuman Ring AIR smart ring, and the acquisition has enabled it to launch the groundbreaking new plug-in Cycle & Ovulation Pro which boasts best-in-class accuracy for ovulation prediction, making it the world’s most accurate cycle tracking smart ring.
The plug-in, which has more than 90 per cent accuracy for cycle and ovulation prediction through technology developed over 15 years, is now being rolled out in the UK, USA, EU, Australia, and Canada.
Wright Hassall Partner Robert Lee and Associate Gemma Trencher, from the business’s Corporate team, acted on the deal, with additional support provided by colleagues with expertise in employment, real estate and intellectual property.
Gemma said: “We are extremely pleased to support Ultrahuman with this successful acquisition.
“We worked closely with the company’s in-house counsel which required additional expertise for a UK acquisition.
“Having subsidiaries in both the UK and USA meant there were some cross-jurisdictional complexities which we were required to navigate, and we also worked flexibly around the varying time zones to meet any requirements.
“The deal was completed in a very short timeframe, which meant we were required to devise solutions to any issues quickly, and we also utilised additional expertise from right across the business to provide Ultrahuman with a broad spectrum of legal advice.
“The acquisition went very smoothly and has meant that Ultrahuman has already been able to improve its flagship smart ring product by launching a ground-breaking upgrade.”
Robert added: “We have a number of long-standing relationships with clients in the South Asia market, and many are wanting to invest in the manufacturing and technology companies in the UK.
“We are extremely pleased to support Ultrahuman with this acquisition as it looks to enhance its product line.”
