Acquisition of Daro Group by Intellego Technologies AB

23 March 2023 / Insight posted in Article

Moore Kingston Smith advised Intellego Technologies AB, a Swedish research and development company listed on NASDAQ First North Growth Market, on its acquisition of Portman Enterprises Limited, trading as Daro Group. This acquisition marks Intellego Technologies’ entry into the UK.

Intellego Technologies is a world leader in photochromic indicator technology for ultraviolet device manufacturers and end users. Daro Group manufactures and supplies specialist lighting, UV Systems and communication solutions to broad markets including industrial, commercial and residential customers.

The Moore Kingston Smith Corporate Finance team was led by Nick Thompson and supported by Charlie Killingbeck and Stefan Demetriou, who provided financial due diligence and advisory services for the cross-border transaction. The M&A Tax team comprising Mark Fielden and Stefan Rajakariar advised on the tax aspects of the acquisition.

Nick Thompson, Corporate Finance Partner, commented: “Advising Intellego on this cross-border acquisition highlights the strength of specialist manufacturing across Europe and our team’s expertise in the sector. Intellego and Daro Group can now focus on crystalising the synergies from the transaction and continuing to build on the previous success of both companies.”

Claes Lindahl, Founder and CEO at Intellego Technologies, commented: “Working with the Moore Kingston Smith team streamlined the acquisition process. Nick, Mark and Charlie immediately understood the strategic importance of the transaction and offered sensible, commercial solutions to any risks they flagged. We are very appreciative of their efforts and advice.”

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