Our Corporate Finance Team recently advised the senior management team of AutoLogic Systems on the sale of the business to Routeco Group, for an undisclosed sum.
A Menzies client since it was founded in 1993, AutoLogic is a leading provider of simulation products, consulting and related services, offering a unique range of solutions for improving efficiency in the manufacturing, transport and logistics sectors. As a Value-Added Reseller of Emulate3D by Rockwell Automation, as well as other world-renowned solutions including the TOPS Software, AutoLogic boasts many leading house-hold names as clients, such as Nestlé, Homebase and Gatwick Airport.
Since 1978, Routeco has successfully established itself as one of the UK’s leading distributors of industrial automation and control products. AutoLogic has successfully partnered with Routeco since 2019, when the Emulate3D software was acquired by Rockwell Automation.
Our Corporate Finance Team assisted AutoLogic with presenting their business, supporting negotiations through to completion and providing Due Diligence support.
Commenting on the deal, John Foundling, corporate finance partner at Menzies LLP, said:
“As a Menzies client since its formation, Menzies have provided tax and accounting advice to AutoLogic for many years, so it was a privilege to assist with this transaction. Having worked successfully alongside Routeco since 2019, the two businesses had already built great synergy, so this acquisition was a natural progression for the company. I wish AutoLogic every continued success as it enters into its next chapter.”
Graham Carter, Managing Director at AutoLogic commented: “Our sincere thanks go to the team at Menzies who have always provided us with exceptional support, including throughout the entire process in this transaction. The acquisition gives us a tremendous opportunity to grow our business by providing our advanced software solutions and outstanding consulting expertise to even more customers. There is no better fit for us.”
Amanda Brockwell from Paris Smith provided legal assistance throughout the transaction.
For further information on this deal completion, please contact John Foundling directly via email at: jfoundling@menzies.co.uk or call +44 1489 566706.
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