FSP advises Cynergy3 Limited on sale of the group to Sensata Technologies
The corporate team at Field Seymour Parkes, led by corporate partner Philip Stephenson, have advised the shareholders of Cynergy3 Limited on the sale of the group to Sensata Technologies, a global industrial technology company and a leading provider of sensor-rich solutions that create insights for customers, publicly traded on the New York Stock Exchange.
Cynergy3 are a leading manufacturer of industrial sensors and reed relays serving the fluid management, military communication, medical and solutions segments. The business is headquartered in Wimborne, Dorset but with other operations in the south of England as well as India and the United States.
The team at Field Seymour Parkes was led by corporate partner Philip Stephenson with assistance from Jeremy Parkes (partner, corporate), Harriet Chang (solicitor, corporate) and Richard Higgs (partner, property).
Mark Jamson, Managing Director of Cynergy3, said “Philip, Jeremy and the rest of the FSP team have delivered a great result for us. Their service was highly responsive and seamless during a busy spring / summer period and they provided wise counsel throughout, particularly in dealing with the untimely passing of one of Cynergy3’s founders just before the sale process started. We would not hesitate to recommend Philip and FSP if asked.”
Philip commented “It has been a pleasure supporting Mark and the rest of the Cynergy3 team on their impressive journey over the last decade. Sensata is ideally positioned to leverage Cynergy3’s strong reputation and rich product pipeline to capitalise on exciting growth opportunities in support of the Industrial end-markets. We wish everyone well in that endeavour.”