TLT advised Senceive Limited on the deal.
Senceive Limited, a world-leading developer of wireless condition monitoring systems, has been sold to Canadian headquartered Eddyfi NDT.
Eddyfi NDT, a global provider of non-destructive testing technologies, acquired Senceive in significant transaction that further broadens the company’s international product portfolio in the area of diagnostic structural health monitoring.
Senceive was originally formed in the research labs of University College London, and the transaction provides an exit for UCL Business Ltd, UCL’s IP commercialisation company , together with The Combined London Colleges University Challenge Fund, which invested in Senceive in its early stages.
The TLT team, led by corporate partner Jon Gill (Picture), included legal director Dan Whitewood, solicitors Matt Howells and Nav Mesbah, and trainee solicitor Olivia Curtis (corporate); partner Ben Watson, legal directors Mark Braude and William Ngan (tax); and partners Esther Smith and Paula Cole (employment).
Involved fees earner: Mark Braude – TLT LLP; Paula Cole – TLT LLP; Jon Gill – TLT LLP; Matthew Howells – TLT LLP; Nav Mesbah – TLT LLP; William Ngan – TLT LLP; Esther Smith – TLT LLP; Ben Watson – TLT LLP; Dan Whitewood – TLT LLP;
Law Firms: TLT LLP;
Clients: Senceive Limited;