EY lead advisors for sale of Exensor Security International AB
EY Corporate Finance acted as lead advisor to the shareholders on the sale of Exensor Security International AB, an international leader in sensor and protection networks, to Bertin Technologies, a subsidiary of CNIM Group, listed on Euronext Paris stock exchange.
Exensor provides advanced ground sensor networks for sensitive areas and infrastructure and has key clients in the international defence and security sector.
The company is headquartered in Lund, Sweden and has subsidiaries in the UK and Germany.
Tony Trussell, Executive Director at EY, commented: “We are delighted to have advised Exensor’s shareholders on this transaction to secure a strategic outcome between leading organisations in defence and infrastructure protection and surveillance sensor networks.”
Christian Gravengaard, CEO of Exensor, said: “We are pleased to complete this transaction and we are very excited about our future with Bertin. I am confident that the Exensor business is well positioned to contribute to the combined company’s success while supporting our customers’ ongoing needs.
“The transaction enables us to continue our expansion in a growing market from a position of real strength, which will benefit our customers and employees alike.”
Philippe Demigné, Chairman of Bertin Technologies, added: “We are very excited to build a successful common future with Exensor, a global leader in unattended ground sensor networks for protection of Defence Forces and protection of Critical Infrastructures.
“Exensor is indeed very complementary to Bertin activities in this area, in terms of products and global market reach and this acquisition fully fits the strategic positioning of CNIM in those markets”.
EY’s Corporate Finance team was led by Tony Trussell, Dave Scourfield, Chris Eastman and Hisham Barghout, assisted by Tove Rejstrom and Dave Guy with international support through EY Capital Advisors, LLC, EY Sweden and EY Norway.