Steen advises Jenoptik AG on its acquisition of Vysionics Ltd
Jenoptik, the integrated optoelectronics group, has bought 92 percent of the shares in Vysionics, one of the UK's leading suppliers of road safety technology systems. Steen Associates acted as exclusive financial adviser to Jenoptik on this project.
The remaining shares continue to be held by the Vysionics management team. Vysionics provides automatic number plate recognition ("ANPR") traffic enforcement, access management and information systems to a wide range of private and public sector organisations such as highway authorities, construction contractors, local authorities, parking contractors, rail authority and police forces. The transaction between Jenoptik and Vysionics' main shareholder LDC was completed on November 14, 2014. Both parties agreed to keep the purchase price confidential.