We have recently advised Cynergy3 Components Limited, a leader in the manufacturing of liquid level and flow sensors, on its acquisition of the entire issued share capital of Impress Sensors & Systems Limited for approximately £2.2m. Impress are based in Aldermaston, Berkshire and design and manufacture pressure and temperature sensors. This transaction forms part of the Cynergy3’s business plan of progressive expansion into technology manufacturing sectors with growth potential. The Sellers (who were advised by Stuart Hodge LLP and BCMS) are to continue to be employed by the business post-sale.
This transaction was led by Philip Stephenson and assisted by Mark Wheeler.
Cynergy 3’s Managing Director, Mark Jamson said - “We have enjoyed a close relationship with Barlow Robbins for many years and when the opportunity for the Impress Sensors acquisition arose Philip helped us negotiate and agree the heads of terms in a sensible and commercially pragmatic manner. Throughout Philip and Mark managed the transaction and our expectations and provided vital assistance for our due diligence review of Impress Sensors. As Cynergy3 grows we will have no hesitation in turning to Barlow Robbins as our preferred legal advisors.”