Steen advises Jenoptik AG on its acquisition of Vysionics Ltd
FRANKFURT AM MAIN | MONDAY 17 NOVEMBER 2014
Jenoptik, the integrated optoelectronics group, has bought 92 percent of the shares in Vysionics, one of the UK's leading suppliers of road safety technology systems. Steen Associates acted as exclusive financial adviser to Jenoptik on this project.
The remaining shares continue to be held by the Vysionics management team. Vysionics provides automatic number plate recognition ("ANPR") traffic enforcement, access management and information systems to a wide range of private and public sector organisations such as highway authorities, construction contractors, local authorities, parking contractors, rail authority and police forces. The transaction between Jenoptik and Vysionics' main shareholder LDC was completed on November 14, 2014. Both parties agreed to keep the purchase price confidential.
About Steen Associates
Steen Associates Ltd., founded in 2005 and present in Germany since 2011, acts as trusted adviser for public and private companies operating in the general industries and the aerospace & defence sector. With offices in London and Frankfurt, Steen Associate’s European Advisory’s business designs and executes strategic M&A and financing solutions. It combines the breadth of its advisory offering with industry specific insights to achieve a unique understanding and perspective into markets and participants globally.
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Contact Details
Joerg Freimund
Partner
Steen Associates
Frankfurt am Main
Contact
mail@steenassociates.com
+44 20 7405 5040
Jason Steen
Partner
Steen Associates
Frankfurt am Main