Thrings advises on the sale of Optimal Industrial Automation and Technologies

By Nick Batten on 8 April, 2022

A number of lawyers from the Swindon office of law firm Thrings – along with corporate finance specialists from Entrepreneurs Hub  – have completed the sale of Optimal Industrial Automation and Technologies, a global leader for integrated process analytical technology (PAT) solutions.

Shareholders of the two Optimal businesses have sold their entire issued share capital to global biotechnology company Bruker, which develops, manufactures and distributes high-performance scientific instruments and analytical and diagnostic solutions.

The deal will enable Optimal to integrate additional analytical technologies such as nuclear magnetic resonance (NMR) and mass spectrometry (MS) into innovative PAT and quality control solutions while strengthening Bruker’s position as a leading end-to-end solution provider in the biopharmaceutical market. 

Based in Yate, Bristol, and founded by Martin Gadsby and Dave Richards in 1987, Optimal provides industrial automation solutions and PAT software and services to life sciences, pharmaceutical, biotechnological, chemical, FMCG, power generation and food and beverage customers around the globe from offices in Yate and Emersons Green. 

Martin and Dave received legal, commercial and strategic support from long-term advisers, Thrings.

The Thrings team was led by Client Partner and Head of Commercial Kate Westbrook (Swindon and Bath) and Corporate Partner Elaine Meyrick (Bath and Bristol), with assistance from Corporate Partner John Richardson (Bath and Bristol) and Solicitor Matt Cornforth (Bristol).

They were supported by Partner Alex Pinhey (Swindon) and Paralegal Emma Stratford (Swindon), who handled the property aspects of the deal, Senior Associate Natalie Ward (Bath and Bristol), who advised on employment law matters, and associate Abigail Sinden (Swindon), who provided specialist intellectual property advice.

Martin said, “The wholesale process is surprisingly involved and complex, and it would have been totally impossible without the superb assistance and guidance from the Thrings and Entrepreneurs Hub teams. I can honestly say that both teams have been utterly fantastic, and their professional yet easy-to-work-with style couldn’t have been better. Both Dave and I thank them from the bottom of our hearts.” 

Kate Westbrook added, “The Thrings team is very pleased to have successfully completed the sale of Optimal Industrial Automation and Technologies on behalf of Martin and Dave. Having first acted for Optimal in 2004, we are thrilled to see their hard work rewarded and the companies enjoy the success they so richly deserve.”

Pictured above: (left to right) Tim Allaston (Entrepreneurs Hub); Kate Westbrook (Thrings); Martin Gadsby (Optimal); Dave Richards (Optimal); Elaine Meyrick (Thrings); and Mike O’Connor (Entrepreneurs Hub)