Schaffhausen Institute of Technology Becomes Main Shareholder in Jacobs University Bremen

September 24, 2021

Willkie advised Schaffhausen Institute of Technology in the transaction.

Willkie Farr & Gallagher LLP advised Schaffhausen Institute of Technology (SIT), a Swiss international educational and research institution, on the acquisition of the majority shares of Jacobs University Bremen (JUB).

JUB was founded in 2001 as a private non-profit, English-speaking campus university. Since then, it has achieved top results in national and international university rankings. Its more than 1,500 students come from over 110 countries, and about 80 percent have moved to Bremen, Germany, for their studies. Research projects at Jacobs University are funded by the German Research Foundation or by the European Union’s Framework Program for Research and Innovation and leading global companies. Jacobs University Bremen gGmbH employs over 420 staff members in administration, research, and teaching.

Founded in Schaffhausen, Switzerland, in 2019, the SIT is a Swiss international educational and research institution founded by entrepreneurs and led by world-class scientists. SIT addresses global challenges through science, technology, and education. This flagship project relies on a network of industry and other partners, including the world's top-ranking universities and leading computers, physics, and business scientists.

The Willkie team was led by partner Georg Linde and included partners Dr. Matthias Schudlo and Cornelia Thaler, counsel Dr. Moritz Stuart Vettermann, and associates Dr. Andreas Sandberger and Philip Thürmer.