Igor Gorostiaga
Norgestion
OWASYS ADVANCE WIRELESS DEVICES
Deal Type
Company sale
Sector
Technology
Completion Date
8th July 2021
Deal Value
Not disclosed
Company Background
Communication electronic hardware devides manufacturer for OEMs in Automotive, transport, machines, etc Machine to Machines communications (M2M and IoT).
Fleet Management, AVL, Telemetry and Utilities
Deal Summary
Advising on the sale of Owasys. Joint corporate legal operation. Negotiated sale and partners agreement.
We provided our knowledge and leadership in the negotiation from letter of intent till the deal was closed.
HMS acquired a majority stake while the promoters continue in the management of the company with a long term agreement between parties..
Value Added
we adviced Owasys mainly in the process of constructing the Shareholders Agreement and the future Business plan. Additionally it was key for sellers to have exit alternatives.
We created a comfort and trust athmosphere with acquirer that enabled the closing of the long term SHA agreement and a fair formula for future valuations
