Stevens & Bolton LLP has advised longstanding client and leading subsea technology developer Sonardyne International Limited, on its acquisition of maritime and marine science technology specialist Chelsea Technologies Group Ltd (also known as CTG).
The acquisition is part of a long-term growth strategy for Sonardyne, to diversify into markets where it sees an opportunity to build on its core technology base and expertise in underwater acoustic and optical communications, navigation and autonomous monitoring systems.
Based in Surrey, Chelsea has over 50 years' experience in the design and manufacture of a range of sensors and systems for the maritime/marine science markets and has enjoyed considerable expansion over recent years, fuelled by its involvement in the rapidly developing, maritime/green shipping markets, where it has introduced a number of world leading products.
The acquisition will enable Sonardyne to both strengthen its presence in the maritime, marine and ocean science sectors, and create new opportunities in the water environmental, defence and process control markets. Chelsea will gain access to Sonardyne’s considerable research, production, testing, compliance and global distribution capabilities, allowing the company to access many more international territories.
Sonardyne Finance Director Graham Dyer, commented: “Company acquisitions follow an exhaustive and complex process. However, from the very early stages of due diligence through to finalising the transaction earlier this month, the experienced Stevens & Bolton team provided us with invaluable levels of support and guidance.”
The Stevens & Bolton team was led by corporate partner Jenny Robertson, supported by James Stenning (corporate), Jamie Crawford and Sarah Balchin (corporate tax), Gabrielle Holgate (pensions), Lloyd Davey and Sarah Taylor (employment), Kerry Garcia (immigration) and Laura Barrett (banking and finance).