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Eversheds Sutherland advises on the sale of Kirintec to BAE Systems
03 de septiembre de 2024
Eversheds Sutherland has advised the shareholders of Kirintec, a company which specialises in the design and manufacture of innovative Counter IED, Counter UAS and cyber and electromagnetic (CEMA) technologies, on its sale to BAE Systems.
Kirintec’s lifesaving technology protects military platforms and personnel from cyber and electromagnetic attacks. The open architecture of the products enables them to work together across all domains and customer platforms.
The deal brings together complementary capabilities in CEMA and multi-domain integration, ensuring BAE Systems can support growing customer requirements and address the demand for this capability.
Corporate Partner and Co-Head of Eversheds Sutherland’s global Aerospace, Defence and Security sector group, Alistair Cree, led the Eversheds Sutherland team comprising: Partners James Lindop, (Global Co-Chair Competition, Trade & Foreign Investment), Colin Askew (tax), Claire Morgan (competition) and Jayne Speers (real estate), Principal Associate James Finney (corporate), Senior Associate Stuart Strachan (competition), Associates Rebecca Felton (corporate), Oliver Hartland (tax) and Dave Grant (corporate).
The global law firm advised on all elements of the transaction.
Kirintec will join BAE Systems’ Digital Intelligence business. Its approximately 50-strong workforce will continue to operate from its site in Herefordshire, supporting its existing customers.
The acquisition supports BAE Systems’ strategy to develop breakthrough technologies, pursuing bolt-on acquisitions with technology-rich companies that complement our existing capabilities. BAE Systems will increase product investment and bring these innovative solutions to a wider range of customers across the UK and Allied Nations.
Alistair Cree, Eversheds Sutherland, commented:
“This was a pivotal, multijurisdictional deal in a fiercely competitive sector. We’re thrilled to have advised on this transaction, helping our clients to realise their strategic ambitions and fortify Kirintec’s position in key markets.”
Roy Peers-Smith, Kirintec, commented:
“Eversheds Sutherland was instrumental in the execution of this transaction and an absolute pleasure to work with. Their extensive knowledge and experience in the sector, underpinned by their legal technical excellence and a strategically robust negotiation approach, were all key to navigating the complexities of this deal.”