Fox Williams is delighted to advise that it acted for Teleste UK Limited ( a subsidiary of Teleste Corporation) on the acquisition of the entire issued share capital of Asheridge Investments Limited (“Asheridge”), the holding company of Asheridge Communications Limited. The transaction completed on 6 April 2013.
Teleste Corporation is an international technology group specialising in broadband video and data communication systems and services. The acquisition strengthens Teleste’s position as the leading supplier of access networks for European cable operators. With offices in the UK, Spain and Poland the Asheridge Group compliments Teleste’s existing customer base whilst offering new opportunities for sales of Teleste’s products.
Johan Slotte (Deputy CEO of Teleste Corporation) said “ It was a pleasure to work with the very competent team of Fox Williams. I can sincerely recommend them to anyone working on an acquisition related project.”
Paul Osborne ( Head of Corporate ) led the Fox Williams team, assisted on corporate matters by Nick McCarthy (Senior Associate) and Mary Elliott (Associate) and on tax matters by Jaspal Pachu (Associate). Paul Osborne said “ It was very gratifying to complete this important acquisition for Teleste within the agreed timeframe. The business synergies make this a tremendously exciting prospect for all parties and we were delighted to be part of the professional team that helped to make the transaction possible.”
Brethertons LLP acted for the shareholders of Asheridge Investments Limited.