Eversheds Sutherland has advised the shareholders of Kirintec, a company which specialises in the design and manufacture of innovative Counter IED, Counter UAS and cyber and electromagnetic (CEMA) technologies, on its sale to BAE Systems.
Kirintec’s lifesaving technology protects military platforms and personnel from cyber and electromagnetic attacks. The open architecture of the products enables them to work together across all domains and customer platforms.
The deal brings together complementary capabilities in CEMA and multi-domain integration, ensuring BAE Systems can support growing customer requirements and address the demand for this capability.
Corporate Partner and Co-Head of Eversheds Sutherland’s global Aerospace, Defence and Security sector group, Alistair Cree, led the Eversheds Sutherland team comprising: Partners James Lindop, (Global Co-Chair Competition, Trade & Foreign Investment), Colin Askew (tax), Claire Morgan (competition) and Jayne Speers (real estate), Principal Associate James Finney (corporate), Senior Associate Stuart Strachan (competition), Associates Rebecca Felton (corporate), Oliver Hartland (tax) and Dave Grant (corporate).
The global law firm advised on all elements of the transaction.
Kirintec will join BAE Systems’ Digital Intelligence business. Its approximately 50-strong workforce will continue to operate from its site in Herefordshire, supporting its existing customers.
The acquisition supports BAE Systems’ strategy to develop breakthrough technologies, pursuing bolt-on acquisitions with technology-rich companies that complement our existing capabilities. BAE Systems will increase product investment and bring these innovative solutions to a wider range of customers across the UK and Allied Nations.
Alistair Cree, Eversheds Sutherland, commented:
“This was a pivotal, multijurisdictional deal in a fiercely competitive sector. We’re thrilled to have advised on this transaction, helping our clients to realise their strategic ambitions and fortify Kirintec’s position in key markets.”
Roy Peers-Smith, Kirintec, commented:
“Eversheds Sutherland was instrumental in the execution of this transaction and an absolute pleasure to work with. Their extensive knowledge and experience in the sector, underpinned by their legal technical excellence and a strategically robust negotiation approach, were all key to navigating the complexities of this deal.”
Eversheds Sutherland takes all reasonable care to ensure that the materials, information and documents, including but not limited to articles, newsletters, reports and blogs (""Materials"") on the Eversheds Sutherland website are accurate and complete. However, the Materials are provided for general information purposes only, not for the purpose of providing legal advice, and do not necessarily reflect the present law or regulations. The Materials should not be construed as legal advice on any matter.
The Materials may not reflect the most current legal developments. The content and interpretation of the Materials and the law addressed in the Materials are subject to revision.
No representation or warranty, express or implied, is made as to the accuracy or completeness of the Materials and therefore the Materials should not be relied upon. Eversheds Sutherland disclaims all liability in respect of actions taken or not taken based on any or all of the contents of the Materials to the fullest extent permitted by law. The Materials are not intended to be comprehensive or to include advice on which you may rely. You should always consult a suitably qualified Lawyer/Attorney on any specific legal matter.
Any views expressed through the Materials are the views of the individual author and may not reflect the views of Eversheds Sutherland or any other individual Lawyer/Attorney.