AJ Park to acquire the business of Baldwins Intellectual Property
Wednesday 10th June 2020
Baldwins is pleased to announce that we have reached agreement for the proposed acquisition of our business by fellow New Zealand Intellectual Property (IP) firm, AJ Park.
Under the agreement, Baldwins will join the AJ Park business and operate as one firm. AJ Park and Baldwins are complementary businesses in terms of their experienced and expert teams, strong heritage and quality clients.
The transaction remains subject to a number of conditions including clearance by the New Zealand Commerce Commission. Timeframes for clearance applications can vary, but subject to that approval and other conditions, it is expected that the transaction will complete in the third quarter of 2020.
Until completion, each firm will operate independently and continue to provide quality IP services, in the same way and by the same people.
Baldwins’ Chairman, Wes Jones said: “We believe this combination will allow us to best position our business for the future, both in New Zealand and internationally. As a combined firm we can provide enhanced career opportunities for our people and offer a strengthened client service capability including an enhanced international offering. We believe AJ Park is a good strategic fit for our business and, subject to clearance by the NZ Commerce Commission and completion of the transaction, we look forward to joining the firm later this year.”
For more information, please contact: Wes Jones, Chairman