Pitmans, the leading Thames Valley law firm with offices in London and Reading, has acted on behalf of Cohort plc, the independent technology group, and its wholly owned subsidiary MASS Consultants Limited (“MASS”) in the acquisition by MASS of the entire share capital of Abacus EW Consultancy Limited for an initial cash consideration of £1.0m payable on completion and a further performance-related cash consideration of up to £1.8m over three years. The transaction was led by Pitmans Corporate Partner Andrew Peddie assisted by Rishi Sharma, Corporate Solicitor.
Commenting on the acquisition, Andrew Thomis, Chief Executive of Cohort plc said:
“This small but important transaction adds depth, breadth and new customers to an already successful offering from our MASS business in the export EW market. This very much reinforces our niche capability in this field and I welcome Paul Burrows and his team into Cohort.”
Andrew Peddie, Pitmans Corporate Partner added:
“It was very satisfying to conclude this acquisition for Cohort plc, a long-standing client. The transaction involved complex elements (including the performance-related cash consideration), and we were pleased to provide the depth of expertise in the tight timetable that our client required”.
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