MAQS legal advisor when Gapwaves invests in Sensrad

Gapwaves has entered into an agreement to acquire 30 percent of the radar sensor company Sensrad. Through the investment, Gapwaves addresses several new and structurally growing end-user markets in 4D imaging radar.

The investment is carried out by subscription of newly issued shares in Sensrad. Gapwaves has the right to acquire on certain terms an additional 30 per cent share of Sensrad up until June 30, 2024.

Sensrad, a recent spin-out venture from Qamcom’s Radar division, offers a unique 4D imaging radar sensor based on sophisticated software and hardware technology, including the leading radar chipset from Arbe.

Gapwaves originates from research conducted at Chalmers University of Technology and was founded in 2011. Gapwaves vision is to be the most innovative provider of mm-wave antenna systems and the preferred partner to those pioneering next generation wireless technology.

Gapwaves’ share is traded at Nasdaq First North Stockholm.

MAQS Advokatbyrå was the legal advisor to Gapwaves in connection with the transaction. MAQS team mainly consisted of Eric Ehrencrona, Jonas Svahn, Sophie Nordmark White and Fredrik Brusberg.