Fox Williams advised long-standing client Volaris Group Inc. on its recent acquisition of ShipNet A/S (“ShipNet”), a provider of enterprise resource planning (ERP) shipping solutions to the Marine industry. ShipNet joins SpecTec, in the Volaris Marine vertical. SpecTec provides marine-focused software and remote asset management solutions. ShipNet is headquartered in Norway, with regional presence in Singapore, Japan, India, the United States and the United Kingdom.
“ShipNet is a great fit for our Marine portfolio. Volaris gained significant knowledge in helping to grow companies within the Marine industry through its previous acquisition of SpecTec in 2012,” said Giampiero Soncini, Managing Director of the Volaris Marine portfolio. “The ShipNet team and customers can benefit from this experience and Volaris’ commitment to the Marine industry.”
Working closely with the Volaris in-house team, the Fox Williams team comprised Head of Corporate Richie Clark, Mary Elliott, Hannah Sensecall and Ed Livingstone (corporate), Daisy Jones (employment) and Shofiq Miah (tax).
Steve Cimicata, Volaris General Counsel, said “I really can’t say enough about the effort and commitment of Fox Williams on this transaction. There was no way this was going to all get done the right way in the time we had without a virtually flawless team effort and a total commitment to responsiveness and fast problem solving. Everyone we worked with on this file went above and beyond, and I am genuinely grateful for the outstanding work.“
Richie Clark said “We were delighted to help the Volaris team complete this significant transaction which increases their reach within the marine vertical. It really was a tremendous team effort all round.”
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com.
