04.12.2023
Binder Grösswang advised Consilium Safety Group, a world-leading provider of fire, flame, and gas safety solutions, on the acquisition of 100% of the shares in Radicos Technologies. In the course of the transaction, Consilium Safety Group acquired all of the shares from the founders and financial investors. The transaction successfully closed on 17 November 2023.
Radicos Technologies is a leader in Industrial Internet of Things for linear detection such as heat, gas, and vibration. The acquisition of Radicos Technologies is intended in particular to ensure the improvement of safety standards on cargo ships and to further expand Consilium Safety Group's product portfolio in the field of safety technologies. Financial details of the transaction will not be disclosed.
The Binder Grösswang deal team consisted of partner Thomas Schirmer, senior associate Mona Holzgruber and associate Florian Höllebauer (all Corporate/M&A). Other members of the advisory team were partner Angelika Pallwein-Prettner and senior associate Sabine Apfl-Trompeter (both Employment), counsel Hellmut Buchroithner (IP/IT), partner Regina Kröll and senior associate Anian Gruber (both Regulatory), partner Clemens Willvonseder and associate Larissa Wagner (Tax) and senior associate Mathias Drescher (Banking/Finance).
About Consilium
Consilium Safety Group is a world-leading solution provider of fire, flame and gas safety technologies for the marine, energy, transport and building sectors. By combining safety expertise with intelligent detection, the company contributes to protecting lives, values, and the planet through technology. What started in 1912 is today an international company driven by innovation. Consilium Safety Group is based in Gothenburg, Sweden, has more than 55 offices, covering all time zones, and strives to be a great place to grow for all its 900 employees.