Cripps Pemberton Greenish advises on cross border sale of Franco-British group TPL Vision
Cripps Pemberton Greenish’s corporate team has advised the owners of TPL Vision on the sale of the company to Wenglor Group of Germany.
Founded in 2005, French-Scottish company TPL Vision develops and manufactures LED illumination for use in industrial automation, machine vision, robotics, and logistics applications. Headquartered in Germany, Wenglor Group is a global player in the fields of sensors and machine vision. The acquisition of TPL Vision will reinforce its position in the machine vision sector, specifically with innovative LED illumination technologies for industrial image processing.
TPL Vision will be integrated into the Wenglor Group as a division, but will continue to exist as an independent business unit. Their two locations in Perth, Scotland and La Chevrolière, France, will remain in operation.
Cripps advised on all the English law and tax aspects of the deal with input from NGM Tax Law, and also project-managed the French legal input provided by French firm BG2V. German law advice to TPL Vision was provided by O&R Group and the Wenglor Group were advised by Gleiss Lutz and Burgess Salmon. The Cripps legal team was led by Olivier Morel and included Helen Garner, Megan Pitt, Meg Harold (all Corporate) and Patrick Glencross (Employment).
Commenting on the legal support provided, Guillaume Mazeaud, founder and CEO of TPL Vision said: “Olivier and the team at Cripps were key in making this cross-border deal a success, their understanding of multijurisdictional issues is second to none and ensured we completed this strategic transaction.”
Head of International, Partner Olivier Morel, commented: “We are delighted to have supported the owners of TPL Vision with the successful sale of their business. Another deal that underlines our ability to project-manage multijurisdictional transactions for international clients.”
For details of other recent transactions completed by our corporate team click here.