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Springboard Corporate Finance 

January, 2019 - England

 

 

Springboard Advise on the Sale of RedSpeed International to Stockholm-Based Sdiptech AB

 



BACKGROUND
RedSpeed International is a leading supplier of technology based solutions to the traffic enforcement industry, specialising in the development, manufacture and maintenance of digital enforcement cameras. Based in Kidderminster, the company has a primary focus on the UK market but is also seeing increasing interest for their products from customers in the EU and the rest of the world.

Sdiptech AB is a Swedish technology group with a focus on infrastructure segments critical to well-functioning societies and to welfare, e.g. water and sanitation, power and energy, transportation, energy efficiency and air climate. The company employs more than 1100 people around the world and is listed on the Swedish stock exchange.

Robert Ryan, managing director of RedSpeed, said "I am very pleased to welcome Sdiptech as the new owners of RedSpeed. With the help of Sdiptech we can continue to deliver our specialist technology to our customers in the UK as well as abroad and become a company that will rival the best in the world in the market of traffic control and enforcement."

Springboard partner Justin Sparks and director James Bailey advised the shareholders of RedSpeed on the sale. Justin commented "RedSpeed is a great local success story. We are delighted to have supported the shareholders in delivering an excellent outcome and to find the management team an international strategic partner to build on RedSpeed's impressive background."

THE CLIENT ON SPRINGBOARD
"I have previously worked with other advisers to sell my businesses and Springboard brought a fresh approach to this transaction. I am very happy with the outcome of the sale, Springboard were fully committed to making it happen. Their senior team provided helpful and practical advice at all times." --Former Chairman, RedSpeed International

ABOUT SPRINGBOARD
We are a market leading corporate advisory firm focused on providing strategic, commercial and financial advice and support to a range of clients. We focus exclusively on the following services:

• Acquisitions - supporting corporates and management teams – identifying targets and executing deals
• Disposals - Full or partial business sales and exits
• Raising finance - working capital or development capital – typically debt or private equity/venture capital
• Management / Retained advisory - strategic, commercial and financial support

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