Our Corporate team in Germany has advised Toronto, Canada, based company, LXT, on its acquisition of clickworker, a company based in Essen, Germany.

Clickworker is a prominent provider of crowdsourced AI training data and a company renowned for its automated technology platform and a global workforce of over six million freelancers. The strategic acquisition aims to enhance LXT’s capabilities in delivering high-quality data solutions for AI applications. It will also combine LXT’s global language data and operational expertise with clickworker’s sophisticated platform, positioning the combined entity as a leader in the AI data industry with a presence across six continents and more than 150 countries.

Together with a Canadian team, the German team provided comprehensive legal advice to LXT throughout the acquisition process. The firm's expertise in cross-border transactions and deep understanding of the technology sector was critical in navigating the complexities of this transaction.

The German team was led by Dr Michael Lamsa, Partner and Co-Head M&A, Private Equity and Venture Capital in Germany. He was supported by Miray Kavruk (Partner; IP/IT; Frankfurt), Micha Gersdorf (Counsel; Corporate/M&A; Frankfurt), Thomas Hartmann (Counsel; Employment; Frankfurt), Jonas Jenet (Associate; Corporate/M&A; Frankfurt), Josephin Schürmann (Associate; Finance; Frankfurt), Tilman Cöster-Gumpert (Associate; Real Estate; Frankfurt) and Alessandra Birkendorf (Associate; IP/IT; Frankfurt). Deloitte advised on all tax aspects of the transaction.