Intellectual property support services provider RWS Holdings is acquiring an initial one third interest of inovia Holdings.
Round-up of today’s M&A deals
Intellectual property support services provider RWS Holdings is acquiring an initial one third interest of inovia Holdings.
The purchased business is a provider of web-based international patent filing solutions. The agreement to acquire a one third intrest and the remaining share capital. The deal will be for a maximum aggregate price of US$31.2 million.
The cash consideration comprises an initial payment of US$5.8 million and deferred consideration for the remaining two thirds of the issued share capital, which will be calculated according to an agreed earnout formula and payable in September 2013.
The acquisition is in line with RWS’s stated strategy to complement organic growth by deploying its cash resources for selective acquisitions which have demonstrable growth prospects and the capacity to enhance shareholder value.
Andrew Brode, executive chairman of RWS, comments: ‘inovia’s excellent proprietary technology platform will add a highly complementary and scaleable service to our existing patent search and translation offering.
‘Having initially focussed on the US market, we believe that there is considerable opportunity for inovia to also grow in the European and Asian markets and, with the significant cross selling opportunities available across the two businesses, we look forward to assisting in its next stage of development.’
Round-up of today’s M&A deals
- Genpact buys High Performance Partners
Value: undisclosed
Advisers: undisclosed
- Trapeze Group is purchasing the assets of Concept Data Technologies
Value: undisclosed
Advisers: undisclosed
- Digital marketing agency Headland Multimedia is acquiring London-based web company Odin Solutions
Value: undisclosed
Advisers: undisclosed
- Cresta Technologies Corporation, which provides software-defined, programmable broadband TV reception for PCs, is purchasing certain assets of Xceive Corporation
Value: undisclosed
Advisers: undisclosed
- Hosting.com acquires Dallas-based NeoSpire
Value: undisclosed
Advisers: Hosting.com was advised by Alston and Bird, Ernst and Young, W. David Snead, EKS&H, and Moreton & Company. DH Capital served as exclusive financial advisor to NeoSpire on the transaction. Patton Boggs acted as legal counsel to NeoSpire in connection with this transaction.
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