Binder Groesswang has advised fire, flame, and gas safety solution provider the Consilium Safety Group on its full acquisition of Radicos Technologies from the company's founders and financial investors.
The transaction closed on November 17, 2023.
"The acquisition of Radicos Technologies is intended in particular to ensure the improvement of safety standards on cargo ships and to further expand Consilium Safety Group's product portfolio in the field of safety technologies," the firm reported.
Radicos Technologies is an industrial internet-of-things producer for linear detection such as heat, gas, and vibration.
The Consilium Safety Group is a solution provider of fire, flame, and gas safety technologies for the marine, energy, transport, and building sectors. It is based in Gothenburg, Sweden, has more than 55 offices, and employs 900 people.
The Binder Groesswang team included Partners Thomas Schirmer, Angelika Pallwein-Prettner, Regina Kroell, and Clemens Willvonseder, Counsel Hellmut Buchroithner, Senior Associates Mona Holzgruber, Sabine Apfl-Trompete, Anian Gruber, and Mathias Drescher, and Associates Florian Hoellebauer and Larissa Wagner.
