Blandy & Blandy's Corporate team, led by partner David Few, has advised on the disposal of Box Technologies to Taiwan-based listed group Flytech Technology (TWSE: 6206).
Founded in 1992, Box Technologies is a leading systems technology solution provider with operations in the UK, Ireland, Sweden and Norway. Box Technologies has secured its market leading position through the provision of customer engagement technology solutions including its four technology platforms: self-service kiosk, mobile/tablet, fixed EPOS and digital signage.
Box Technologies’ clients include Barclays, Dell, House of Fraser, Kath Kidston, Harrods, Poundland, Xerox, Watches of Switzerland, Vision Express and Clas Ohlson. The company’s revenue in the year ending June 2015 was £26.42 million.
Following the acquisition, Box Technologies’ key management team will remain in place and will work closely with Flytech to exploit synergies globally by leveraging Flytech’s extensive know-how in product development and design, and manufacturing competence.
Working with Chairman Russell Willcox and Managing Director Stuart Walker, Blandy & Blandy has advised Box Technologies for 12 years.
Willcox said: “We have always had the utmost respect for Flytech as the leading player in our technology arena. We are very excited to bring together our experience in European markets, from both a market knowledge and product/service development perspective, with Flytech’s industry leading and world class product development and manufacturing facilities. These two forces, now connected, will empower Box to offer further products and services to our customers and enhanced development resources, to further innovate in the exciting and rapidly developing world of customer engagement technologies.
Box Technologies has had a long association with Blandy & Blandy going back to 2004, when they advised on a successful management buyout. Box’s directors were so impressed that the firm has handled all legal work since, including advising on many contracts, litigation, trade marking / IPR, corporate acquisitions and property. In all areas they have provided excellent service. Always available and responsive, the senior partners get involved at all levels, as necessary, with David Few and Nick Burrows ever present, throughout the relationship.
So who better then, to handle the sale of Box, to Flytech. The firm is blessed with a wealth of talent across the legal spectrum. This range of capability was vital, as the sale required expertise in M&A, property, commercial contracts, IP and employment
Despite the normal stresses of selling a private business, the repeated answer to the question ‘what do you need from us’ was ‘leave it with us’. This allowed the Directors at Box to get on with running the business, safe in the knowledge that the deal was being well managed in the background.
With one of the world’s largest accounting and legal practices acting for the acquirer, Blandys completely held their own and for this among many reasons, I would recommend the firm unhesitatingly, for any M&A work, irrespective of deal size.”
David Few, added: “It has been a delight to work with Russell and Stuart over the past 12 years having advised on their original buyout of the company. This acquisition is further demonstration of the strength and international reputation of the Thames Valley and also a growth in recent years of Taiwanese and Chinese companies identifying major opportunities in the region. We naturally wish both Russell and Stuart every success in the future and look forward to working with them on the continued growth of the group.”
For further information or legal advice, please contact law@blandy.co.uk or call 0118 951 6800.
