PwC Legal advises clickworker on the sale to LXT AI
Berlin, 21 January 2025
A team of PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to clickworker GmbH (clickworker) and its shareholders on the hive down of clickworker’s operating business into a subsidiary and its takeover by the Canadian Company LXT AI Inc. (LXT AI).
clickworker, based in Essen, Germany, is an innovator in crowdsourced AI training data. The company developed a highly automated technology platform and offers crowd-sourced data with over 6 million freelancers across Europe, America, and Asia as self-service as well as customized data-oriented project solutions. clickworker is known for the high efficiency and scalability of its systems.
LXT AI, based in Toronto, Canada, is a leading provider of AI training data for intelligent technologies of global organizations. In partnership with an international network of contributors, LXT AI collects and processes data. The company serves customers in North America, Europe, Asia Pacific and the Middle East, including leading technology companies and Fortune 100 organizations.
Advisors clickworker
PwC Legal:
Moritz Gröning (lead), Gerhard Wacker, Stephan Söbbeke, Lars Spiller, Jascha Fröhler, Paul Knipper (all Deals/M&A, Berlin), Thomas Urband (IT/IP, Munich)
BLG (Canada):
Brandon Evenson, Andrian Lozinski
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 370 lawyers at 18 locations. Integrated, tech-powered legal advice.
