The Wilkes Corporate Team led by Jeremy Parkin have advised long-standing client Keysoft Solutions on the sale of their business to Canadian counterpart Transoft Solutions Inc.
Keysoft Solutions, a developer of Building Information Modeling (BIM) software for traffic management and landscape planning and design, has been a close partner and reseller of Transoft Solutions’ products in the UK since 2005.
The business, which was established in 1998, will continue to operate, manage and support key operations and customers from its head office in Warwickshire.
Keysoft Solutions managing director Dr Jeremy Ellis said: “Having been so closely associated with Transoft Solutions for over a decade, this announcement represents a strategic fit for both parties, strengthening our shared vision of being a global leader in our field.
“With a similar culture within our organizations this is a natural fit that allows Keysoft Solutions to be better placed to serve and support our expanding customer base in the future, both in the UK and worldwide.”
Speaking about the deal Jeremy Parkin, Partner in the Wilkes Corporate Team said: “It has always been a pleasure to work with Jeremy and the team at Keysoft Solutions and we were delighted to have been involved in the next stage of their development and growth.”
When asked about the support provided by Wilkes Jeremy Ellis said: “Jeremy Parkin and the team at Wilkes played a vital part in the successful outcome of this deal. Their expert guidance was crucial in overcoming the complications presented by the international nature of this transaction and they gave me the confidence to move ahead at every step to completion.”
This is the latest in a growing line of M&A work for The Wilkes Partnership, following the completion of deals across a range of sectors including IT software, FMCG, events and health and social care.
For help and advice relating to your business get in touch with Jeremy Parkin on 0121 710 5931 or via email at [email protected].