Deal Announcement: Acquisition of 2D CNC Machinery by Halbronn Group8 April, 2016
Cripps has recently advised French group Halbronn, on its acquisition of 2D CNC Machinery, it’s first transaction in the UK. Halbronn Group has over 120 years’ experience within the automotive, aerospace, medical and energy sectors and has worked extensively across other European countries. By acquiring the Leicestershire-based distributor of specialised, high performance machine tools, Halbronn Group has gained a strong foothold in the UK market to help drive its continued international expansion.
“Although we are a seasoned buyer, this was our first transaction in the UK. It was, therefore, essential that our lawyers were able to guide us through the intricacies of the country’s deal making process and the team from Cripps was both efficient and extremely knowledgeable. We are delighted with the outcome and the support provided by Cripps, particularly as they had to deal with some unforeseen developments along the way.” David Bettan, Senior Director, Halbronn Group.
Led by international corporate partner, Olivier Morel, the deal also involved the firm’s employment, commercial and real estate teams, who worked alongside the solicitors for the vendors.
This is one of a number of transactions Cripps has successfully completed recently. To find out more about how we can help you, please get in touch.