HPP acted as legal advisor to Global Equipment Services and Manufacturing Inc. (”GES”) in an investment transaction, where GES in 2016 made an investment into JOT Automation Oy (“JOT”) and where GES now, in the second phase and upon the closing of the transaction on 4 June 2018, exited its investment in connection with sale of all shares in JOT to Chinese Suzhou Victory Precision Manufacture Co., Ltd.
JOT, headquartered in Oulu, Finland, is a pioneer and leader in automation and testing solutions for electronics production. JOT has business operations in Estonia, China, Finland, Italy, Hungary and the United States.
GES, headquartered in San Jose, California specializes in production processing and test equipment design, volume manufacturing and global services for the semiconductor and electronics product manufacturing industry. GES has significant business operations in China, India, Japan, United States and Vietnam.