Birketts has advised the shareholders of Geosense Limited on its sale to international technology and industrial group, Indutrade.
Based in Bury St. Edmunds, Geosense Limited is a leading manufacturer offering a broad range of geotechnical solutions to a wide spectrum of infrastructure, construction, and mining companies. Founded in 1992 and with 60 employees, the company boasts a global presence, with their products relied upon in major infrastructure projects and for asset monitoring across a broad range of sectors throughout the world.
The buyer, Indutrade, is an international business group consisting of over 200 companies spanning 30 countries. It aims to provide sustainable profitable growth by acquiring and developing companies characterised by high technical expertise, home to passionate entrepreneurs.
The Birketts team was led by Rachel Astill (Legal Director, Corporate), who was assisted by Dominic Cowie (Solicitor, Corporate), Lucy Wolfenden (Trainee Solicitor, Corporate), Stacy Aspden (Legal Director, Commercial Real Estate), Jonathan Insley (Senior Associate, Employment) and Robbie Watson (Senior Associate, Corporate Tax). James Austin (Partner, Corporate) supervised the transaction, while the team worked closely with Mike Tillson, Ned Brown and their colleagues at Grant Thornton.
On completing the transaction, Rachel Astill said: “We were really pleased to work with Geosense’s Founders, Martin Clegg and Tony Osborne, in the sale of the company to Indutrade. Martin and Tony have worked hard over the last 32 years to establish Geosense as a leading specialist geotechnical engineering business, and selling the company to Indutrade will shore it up for a bright future ahead. We wish them all the very best.”
Martin Clegg said: “We had the pleasure of instructing Rachel and her team at Birketts on the sale of Geosense. Throughout the transaction, we received incredible support and guidance, with the team going above and beyond to get this deal over the line, fostering a ‘can do’ attitude from start to finish. Every step of the process was executed with genuine care, diligence, and consideration, with the team ensuring that we felt we were in very safe hands. The expertise provided by Birketts was instrumental in navigating a smooth transition of ownership, and we can’t thank Rachel and her team enough.”
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