Watermark has been acquired by Xenith IP Group Limited

The private shareholders of Watermark have sold the company to Xenith IP Group Limited for US$15.6 million.

Watermark is one of Australia’s longest established intellectual property services, employing more than 90 people nationally, with offices in Melbourne, Perth and Sydney.

Xenith IP Group Limited is the holding company for a group of entities providing a broad range of intellectual property (IP) services and advice along the innovation pipeline, providing clients with a holistic service offering around their IP and the opportunity for a better commercial outcome. The group employs more than 400 staff in Sydney, Melbourne, Brisbane and Perth. Xenith IP provides services across Australia, New Zealand, Asia, the US and Europe to an extensive client base made up of large multinational companies, universities and research groups, start-up firms and solo inventors. The group also works with an extensive network of international associate IP firms. This acquisition is to deliver immediate scale, geographic reach and complementary service lines to the existing Xenith IP portfolio.

Oaklins’ team in Australia advised the seller in this transaction.