Independent UK law firm Burges Salmon has advised Biral, a leading provider of high-precision meteorological sensors, and its shareholders, on the sale of the business to Senseca, a global innovator in measurement technology and environmental monitoring solutions.
The sale sees Bristol-based Biral, which will continue to operate under its own brand, expand its capabilities and market reach further under the Senseca umbrella, with the transaction bolstering Senseca's environmental monitoring capabilities and footprint in the renewable energy sector.
The deal also enables a transition to Biral’s leadership with current Finance Director Ben Lockwood stepping up to Managing Director, replacing Paul Smith who retires after decades of service.
Burges Salmon’s Corporate and M&A team, working alongside KPMG Corporate Finance (John Levis and Dan Bagnall), advised Biral and its shareholders, with the transaction led by partner Dominic Davis and associate Tom Curnow.
Dominic Davis comments: “It’s been fantastic to work alongside John and the KPMG team in advising Biral and its shareholders.
"We have thoroughly enjoyed working with Ben and Paul on this transaction which sees a highly successful Bristol-born business pursue its next stage of growth as part of a global organisation. We wish Paul all the best for his well-deserved retirement and will watch with interest as Ben and Senseca take the business forward.”
Ben Lockwood, Managing Director of Biral, adds: “The contribution from Burges Salmon was absolutely critical in making this transaction happen. Dominic, Tom and the wider team were a pleasure to deal with and their standard of work was truly outstanding throughout. I cannot praise their efforts highly enough.”