TLT has advised Avon Rubber PLC on the £3.5 million acquisition of the trade and assets of the thermal camera business of E2V Technologies (UK) Limited, a subsidiary of E2V Technologies plc. The acquisition was funded from existing debt facilities.
E2V Technologies plc, which trades under the name Argus, is a leading designer and manufacturer of thermal cameras for first responder and fire markets.
The TLT team was led by corporate partner, Alice Gardner and included employment legal director, Alison Cameron; commercial associate, Dan Read; and corporate solicitor Nicole Spurling.
TLT’s Alice Gardner said: “This is an important acquisition for our long-standing client. It marks the continued development of Avon's growth plans, ensuring that they can offer a broader range of products to their customer base. We’re delighted to have advised Avon throughout the whole process supporting and working side by side their acquisition team”.