About This Deal

Clarivate Plc acquired Beijing IncoPat Technology Co., Ltd. for $52.1 million (cash), a transaction announced in October 2020.

Acquired the leading Chinese patent information service provider (cash on hand) as a tuck-in complementary to Clarivate's intellectual property portfolio, expanding its presence in China.

Acquired the leading Chinese patent information service provider (cash on hand) as a tuck-in complementary to Clarivate's intellectual property portfolio, expanding its presence in China.

Deal Terms

Acquirer
Clarivate Plc
Target
Beijing IncoPat Technology Co., Ltd.
Value
$52.1 million (cash)
Date
October 2020
Type
Full acquisition
Status
Completed

Transaction Details

Announced
October 26, 2020

In Their Words

On October 26, 2020, the Company acquired 100% of the equity voting interest in Beijing IncoPat Technology Co., Ltd. ("IncoPat") ... The Company paid $52,133 in cash to acquire IncoPat.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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