Corporate and M&AJuly 07, 2021
Dillon Eustace advises Danish listed entity NNIT A/S on Dublin-based SL Controls acquisition
7 July 2021 - Dillon Eustace, a leading Irish law firm, recently advised global Information Technology (IT) group NNIT A/S on its €17 million acquisition of Dublin-based Irish software integration company, SL Controls.
Under the deal, NNIT A/S acquired the entire share capital of SL Controls for an upfront payment of €12.7 million before adjustments. The agreement also consists of an earn-out element, to be realised at the end of 2023, which will be approximately €4.2 million depending on performance. Initially, SL Controls will join the NNIT Group as an independent company, before being fully integrated with NNIT A/S.
The acquisition of SL Controls forms part of NNIT A/S’s plans to grow NNIT Life Sciences internationally, and to further strengthen and grow their portfolio of IT services and solutions to the benefit of their customers.
The Dillon Eustace multi-disciplinary legal team was led by Adrian Benson, Partner in the Corporate and M&A teams, with support from David Lawless, Head of Tax.
