In an international cooperation with the law firm Mills & Reeve LLP, we have advised a company in the BAE Systems group on the acquisition of a 100% stake in Kirintec Limited.
Our client, a leading global company in the aerospace and defence industry, has acquired the UK company Kirintec, which specialises in providing advanced solutions to protect against cyberattacks and electromagnetic interference and in the development of counter unmanned aerial systems. The technology developed by Kirintec not only protects military platforms and personnel from attacks, but also minimises potential losses.
The transaction brings the company into the BAE Systems Digital Intelligence structure, enhancing our client's portfolio with integrated solutions in the security sector. At the same time, the perfectly complementary competences and capabilities of the two companies will help meet the defence industry's increasing demand for solutions that reduce the risk of casualties and failures in military operations.
The entire project was supervised by Bartosz Marcinkowski and Sylwia Kuca. DZP experts Marcin Kuliński and Maria Piechota from the Corporate and M&A Practice were responsible for carrying out a due diligence of the target company’s Polish assets and provided assistance with post-closing activities. In concentration and antitrust procedures, the client was also supported by Marta Balcerowska from the Competition Law Practice.