Hill Dickinson’s corporate team has acted on behalf of the shareholders of Jade Solutions, a £13m-turnover mobile technology services provider based in Newton-le-Willows, on its acquisition by Belgian IT group Econocom.
Jade Solutions specialises in rugged mobile technology, such as handheld and vehicle-mounted computers. It also designs and installs wireless networks and guest Wi-Fi systems.
Mark Brackley, managing director of Jade Solutions, said: ‘The opportunities now open to us as part of such a large international group are extremely exciting.’
The business was backed by the Merseyside Special Investment Fund (MSIF), which invested in 2005 to support a management buyout.
Marion Savill, portfolio director at MSIF, added: ‘Jade Solutions has built an excellent reputation with a wide range of blue chip customers during its time as an independent company, and MSIF is proud to have supported the business over that period.
‘Being part of the Econocom group, and therefore working alongside similar businesses across Europe, will enable them to expand even further. It is great to know this business will continue to thrive in its future, and we wish them every success.’
Jade Solutions' shareholders were advised by Hill Dickinson partner and national head of corporate Craig Scott, alongside legal director Roger Pointon and associate Phil Wallbank.