OWASYS ADVANCE WIRELESS DEVICES

Completed Date

2021-07-08

Sector

TMT

Deal Type

Company sale

Value

Not disclosed

Company bio

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 to the Project

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

Deal Contacts

Igor Gorostiaga

Igor Gorostiaga's avatar

Managing Partner

Beatriz Ibarrondo

Beatriz Ibarrondo's avatar

NORGESTION is the exclusive Spanish partner of Mergers Alliance

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