Automated Systems Holdings Limited’s acquisition of Grid Dynamics International, Inc.


Jones Day has advised Automated Systems Holdings Limited in its acquisition of Grid Dynamics International, Inc., a provider of open, scalable, next-generation e-commerce technology solutions, by way of merger at a consideration of up to US$118 million and its financing by way of a HK$193 million rights issue and placing of convertible bonds with an aggregate value of HK$350 million.

Upon the Closing, the Target Company has become an indirect wholly-owned subsidiary of the Company and the financial results, assets and liabilities of the Target Group will be consolidated into the consolidated financial statements of the Group.

Jones Day has advised Automated Systems Holdings Limited on the deal with a team led by Joelle Lau (picture) and Peggy Cheung.

Involved fees earner: Joelle Lau – Jones Day; Peggy Cheung – Jones Day;

Law Firms: Jones Day;

Clients: Automated Systems Holdings Limited;

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Author: Michael Patrini