Orrick is representing
Invisio AB in connection with its recently announced agreement to acquire
Racal Acoustics, the UK-based world leading designer and manufacturer of audio communications and protection systems for high noise environments, from
Transdigm Group, Inc (NYSE: TDG).
Racal Acoustics designs, develops and manufactures communication and hearing protection systems, focused on audio ancillary equipment for the military, paramilitary, first responder, aviation and industrial sectors with a global footprint, including in the U.S. through its U.S.-based sales company, Racal Acoustics, Inc, which is also being acquired as part of the transaction.
The acquisition, which is expected to close during the first quarter of 2021, is subject to regulatory approvals and customary closing conditions.
Invisio develops and sells advanced communication systems that enable professionals in noisy and mission critical environments to communicate, protect their hearing and work effectively. The company combines specialist knowledge in acoustics and hearing with broad engineering know-how in software, materials technology and integration. Headquartered in Copenhagen, Invisio has sales offices in the U.S., France and Italy, as well as a global network of partners. Invisio’s registered office is in Stockholm, Sweden and it shares are admitted to trading on Nasdaq Stockholm (Ticker: IVSO).
The Orrick team includes
James Connor, Heidi Wardle and Liam Boylan (UK M&A), Douglas Lahnborg, Matthew Rose and Lara Nonninger (Antitrust and National Security and Investment),
Jonathan Rosen and Bridget Winters (UK Tax), Anthony Kay and
Richard Hunt (Banking & Finance),
Faraaz Samadi,
Natasha Ahmed, Jonelle Afonso (IP),
Nicola Whiteley and
Charlotte Oliver (Employment),
Simon Folley &
Craig Johnston (Real Estate),
Jeanine McGuinness,
Harry Clark,
Greg Hume and Thomas Christian (U.S. Regulatory & Export Control),
John Narducci and
James Larkin (U.S. Tax) and
David Ruff,
Brian Blood and
Keith Tidwell (U.S. M&A).
Jonas Forsén is leading a team at Cederquist advising Invisio on Swedish law matters.