A major merger in the optical measurement systems market. Baker Tilly Woroszylska Legal was the advisor.
This unusual merger project of three companies was successfully completed at the beginning of January 2021, when the companies 3D TEAM and 3D TOOL joined LENSO. Baker Tilly Woroszylska Legal provided comprehensive legal support for the project. The transaction team included Wojciech Kasprzak, Associate, and Dominika Sawicka, Senior Associate. The entire transaction process was supervised by Grzegorz Gajda, Partner.
“Any merger project is a complex and multidimensional process. It requires all parties involved in the transaction to be taken into account. What is important is the interest of each participant and reaching the expected consensus. The merger with LENSO involved three entities. We are satisfied to have completed the merger successfully and to have satisfied the customer,” commented Grzegorz Gajda, Partner responsible for the Poznań office of Baker Tilly Woroszylska Legal.
A successful process requires an experienced adviser
“During the merger of 3D TEAM and 3D TOOL, which joined LENSO, we were able to present comprehensive legal advisory services. We developed the concept and implementation of the merger process for the LENSO group of companies. Our support included, among other things, the development of a merger model, the preparation of merger documentation and the implementation of the entire merger process,” added Grzegorz Gajda.
It is worth noting that the merged companies had been working closely together for many years. Merger is a natural way to grow. The merged entities were able to expand their offerings almost immediately to include measurements with CT scanners or the latest equipment. A special Expert Team has also been formed, which will offer services and industrial applications of CT solutions. The next step the company is already planning is a new Automation Team that will focus on in-line coordinate measurement. The activity is to be further extended to the measurement of static and dynamic deformations.
What triggered the merger of these entities?
This merger seems to have been a natural process. All companies are active in the measurement systems industry. Lenso is the exclusive distributor of GOM optical measuring systems in Poland. Their engineering team provides assistance in selecting the right measurement system, device demonstrations, implementation and support. In addition, it provides training in 3D metrology. 3D Tool is involved in the implementation of measurement equipment, automation and optimisation of measurement processes. 3D Team is a provider of measurement services for industry.