Bates Wells supported Intellego Technologies AB (“Intellego”), a Swedish technology company listed on NASDAQ First North Growth Market on the acquisition of the Daro Group of UK manufacturing companies.
Intellego is the world leader in photochromic indicator technology, manufacturing patented photochromic ink that changes colour based on exposure to ultraviolet irradiation or specific substances. The technology is used to produce high quality radiation dosimeters for use by ultraviolet device manufacturers, academic researchers and industry practitioners around the world.
The transaction, which Bates Wells advised on from its early stages through to completion, saw Intellego successfully complete its first investment in the UK market. Through the purchase of Portman Enterprises Limited (the holding company of the Daro Group), Intellego is now the owner of eight companies manufacturing a range of specialist products including specialist anti-ligature and vandal resistant lighting for the custodial and mental health markets and ultraviolet systems for water disinfection, air and surface solutions for infection prevention and control.
The Bates Wells team was led by Nirav Patel and supported by Evita Luypaert, Isabelle Harris, Olivia Brooks and Zeina Najjar. Specialists from across the firm’s Real Estate, Employment, Data Protection, Trade Marks, Commercial and Merger Control teams contributed their expertise throughout the transaction.
Nirav Patel, who heads Bates Wells’ Corporate team, commented:
“We are extremely pleased to have been able to support Intellego on this transaction which highlights our expertise in advising overseas companies as they enter the UK market by way of acquisition. There are clearly some great synergies between Intellego and the Daro Group and we look forward to seeing the Daro Group continue to thrive under the new structure.”
Claes Lindahl, Founder and Chief Executive Officer of Intellego, commented:
“We really enjoyed working with the Bates Wells team who were commercial, pragmatic and supportive throughout. The transaction is very important for our growth strategy, and it was critical we had the right team in place to see it through. Nirav is well-experienced in advising on cross-border M&A transactions and we were very grateful to him and the entire team for their excellent legal advice.”