Napthens’ Corporate Team has advised leading fire detection and security technology specialist Protec Fire and Security Group Ltd on its sale to Bosch Building Technologies.
Protec is one of the leading system integrators for security and fire detection technology in the UK, headquartered in Nelson; and employs around 1,100 employees at its nine sites across the UK and the Netherlands with a turnover of £125m.
Bosch Building Technologies currently has the focus of its European system integrator business in Germany and the Netherlands; and is also active as a system integrator in the USA and Asia.
The transaction combines two complementary businesses and offers both companies the opportunity to expand into different markets and strengthen its presence within the global fire safety and security sector.
Protec were advised by Napthens corporate team led by Partner, Richard Robinson, Legal Director David Carr and Associate Solicitor Charlotte Walsh.
The deal was led by RSM UK corporate finance partner, John Daly.
Richard Robinson, Corporate Partner at Napthens, said: “Protec is a real North West success story and this transaction will allow both Bosch and Protec to expand in to key markets globally. We have enjoyed working with RSM, Barrie and his team in concluding the transaction and are proud to have been able to help a flagship North West business on a such a complex and high profile transaction. We wish the business the very best for the future.”
Barrie Russell, founder and chairman of Protec Fire and Security Group Ltd, said: ‘With Bosch, we found a great partner who values our history, brand and our extraordinary team. I believe this cooperation will open up great opportunities for our company as well as our employees and lead into a successful future.’
John Daly, corporate finance partner at RSM UK, commented: ‘The complex deal adds scale and reach to accelerate growth and allows the combined business to target new markets and enhance its overall offering to new and existing clients.”