Transaction: Purchase of MERL Technology Limited.
Client: Element Materials Technology Holdings Limited
Element: www.element.com has a global network of laboratories with experts specialising in materials testing, product qualification testing and failure analysis for the aerospace and defence, oil and gas, power generation and transportation sectors. It already has 30,000 customers and has over 1,000 engineers and scientists who staff 10 laboratories in Europe and in the United States. Element’s aim is to consolidate this sector and become the leader in the field.
MERL Technology: http://www.merl-ltd.co.uk/ MERL provides R&D, laboratory testing and consultancy services on polymer and composite materials for engineering systems and structures.
Lawyers: Mark Tasker (Partner and Head of Corporate & Commercial) led the team, assisted by David Davies (Senior Associate), Jonathan Morris (Senior Associate), Natalie Knight (Associate) and Simran Sandhu (Solicitor).
Observation: This is our first acquisition for Element group, which has raised finance to consolidate the materials and inspection testing sector.
Posted on 10/12/2012 in Corporate & CommercialBack to Knowledge