Penningtons Manches’ corporate team has advised the shareholders of Speedboard Assembly Services Limited on its sale to NOTE, a leading northern European electronics manufacturing and logistics company which is listed on Nasdaq Stockholm. Corporate partner David Tighe led the team, principally assisted by associate Attilio Leccisotti.
Operating from Windsor with 100 employees, Speedboard has developed a cost-effective production system and has particular expertise in box build assembly. Its customers are found primarily in the communication, security and medical technology sectors. Speedboard’s former co-owner Neil Owen will continue in his role as managing director of the company.
Neil commented: “The help and support we received from David and Attilio at Penningtons Manches is greatly appreciated, their hard work and guidance throughout was invaluable. I am looking forward to working with NOTE and am confident that this deal will further strengthen our customer offering and continue our expansion in the UK market.”