Inspectron Corporation, a closely held company based in Chelmsford , Massachusetts , is a technology leader in the development of high-speed optical recognition systems for printed document quality control and packaging verification.
Formscan plc, a publicly traded company headquartered in Frome , England is focused on workflow software and document printing validation systems. The acquisition of the business of Inspectron substantially expands Formscan’s sales and marketing activities in the US and provides it with an expanded product line.
OEM Capital was asked by Inspectron’s venture capital investors to assist the company in managing the sale of its business to maximize shareholder value. Inspectron’ s shareholders believed that the company required a strategic partner with the resources to effectively exploit its proprietary, state-of-the-art technology. Key to a successful engagement was finding and closing a transaction within ninety days.
OEM Capital worked closely with management to prepare a selling memorandum while developing a marketing program aimed at soliciting interest from strategic acquirers, time being of the essence. Using our network of international affiliates, this program elicited several interested parties and a selected group met with management and received a detailed presentation of the business.
As a result of our involvement, Inspectron Corporation was able to conclude a transaction within the time frame required by its investors.
Our success with Inspectron Corporation illustrates that , whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.