RWK Goodman has advised long-standing client Oxford Metrics plc in relation to its acquisition of the entire issued share capital of Oxford-based Industrial Vision Systems Limited (IVS) for a consideration of £8.1 million (subject to adjustment) to be satisfied in a mixture of cash and newly issued Oxford Metrics shares.
Oxford Metrics, a long-standing client of RWK Goodman, is an Oxford-based smart-sensing software company with customers across the life sciences, entertainment and engineering sectors.
IVS develops AI-driven machine vision systems, which are used globally in automated production processes for high-precision quality control, inspection, measurement, tracking and counting.
Its highly accurate, non-contact vision systems provide well-known brands (including Jaguar Land Rover, Johnson & Johnson and Alkegen) with quality control, which contributes to lower costs, improved brand reputation, competitiveness and increased product safety.
For Oxford Metrics, which in October 2023 won the “Best Technology” award at the prestigious AIM Awards, the acquisition represents an extension of its core “smart sensing” technology into inspection automation in real-time manufacturing processes.
RWK Goodman’s team was led by Corporate Partner Paul Webb, alongside colleagues Richard Pull, Michelle Waligóra, Ken Wong and Kayleigh Tang (corporate), Caroline Doran Millett (employment) and Giles Littlewood and David Hildebrand (real estate). Penningtons Manches Cooper represented the IVS shareholders.
Commenting on the sale, Oxford Metrics Director Cathy Robertson said: “It was good to work with the corporate technology team at RWK Goodman on this significant transaction for the Oxford Metrics group. We have built a successful relationship with the team over many years, and they worked closely with us on this transaction to ensure a smooth path to a successful completion.”
Paul Webb said: “We were delighted to assist Oxford Metrics in relation to this significant addition of the IVS business and technology. We wish the combined business great success in the future.”
RWK Goodman provides a comprehensive range of legal services from corporate and commercial, clinical negligence and personal injury to family and private client and advises in a number of key sectors.
The firm has offices along the M4 from Bristol to London, with over 500 people. Clients include individuals through to multi-national FTSE companies. It is a founding member of the international network of independent law firms, Interleges.
RWK Goodman achieved six top tier rankings in The Legal 500, while 38 of its lawyers were ranked and recommended in Chambers & Partners UK. The latest editions of these leading guides to the law were published in October 2023.