Irwin Mitchell advises SIG on acquisition

29th September 2015

SIG plc, the leading European specialist solutions provider to the construction industry, has completed the acquisition of HC Groep B.

V. HC Groep is a specialist Air Handling systems provider based in the Netherlands and the UK (Brighouse, West Yorkshire) with turnover of €45m. The acquisition of HC Groep supports SIG's strategy to grow its Air Handling operations across Europe. This acquisition will enhance SIG's customer proposition by extending its product and system offering, including in attractive areas of climate ceilings and car park and tunnel ventilation, plus new service capabilities. This acquisition is complementary to SIG's existing Air Handling operations in the Netherlands and the UK, including Air Trade Centre and previously acquired businesses Inatherm and SK Sales. The existing management team of HC Groep will remain with the business to deliver the continued growth and development of the company. Law firm Irwin Mitchell advised SIG on the transaction in respect of UK law. The multi-disciplinary team included corporate advisors Philip Goldsborough, James Foster and Natalie Hager, real estate lawyer David Cowgill, employment law specialist Padma Tadi and tax specialist Alex Barnes. Kennedy Van der Laan (Louis Bouchez and Floor Veltman) provided legal advice to SIG in the Netherlands. Commenting on the deal, James Foster, Corporate Partner at Irwin Mitchell said: -This is an important deal for SIG and we are delighted to have advised them on this cross border transaction. It was another good team effort from the Corporate team at Irwin Mitchell in Yorkshire.