Hong Kong – Mayer Brown, a leading global law firm, is pleased to announce that it advised Mitutoyo Corporation in its acquisition of a 41% interest in Leeport Metrology Corporation in two phases from Leeport Machine Tool Co., Ltd.
The sale and purchase agreement and the strategic alliance and shareholders agreement were signed on 21 January 2011. Upon completion of the final phase of the share acquisition, Mitutoyo Corporation will become a majority shareholder, owning a 51% interest in Leeport Metrology Corporation while Leeport Machine Tool Co., Ltd. will continue to own the remaining 49% interest.
Mitutoyo Corporation is a global leading player in the manufacture and sale of precision measurement instruments. Leeport Machine Tool Co., Ltd. is a subsidiary of Leeport (Holdings) Limited listed on the Hong Kong Stock Exchange.
The Mayer Brown team was led by corporate partners Hannah Ha and Jeremy Cunningham.