International law firm Hill Dickinson has advised on the sale of Symatrix, an Oracle HCM, Payroll, ERP, SCM and OCI partner, to US enterprise, Applications Software Technology (AST).
Manchester based Symatrix has signed a definitive agreement to be acquired by AST, a leading digital transformation solutions provider, as the latest step in AST’s global expansion.
Symatrix brings an established UK customer base that strengthens AST’s vertical expertise across numerous industries and provides a platform to further expand in emerging sectors. The deep consulting capabilities of Symatrix will also expand AST’s capabilities across Oracle Cloud Applications, including Supply Chain and Human Capital Management.
AST is a best-in-class enterprise solutions provider that has developed into a premier consultancy for complex Cloud needs across public and commercial industries. Its acquisition of Symatrix will complement and broaden AST’s core services, allowing it to reach new global markets and offer enhanced services to an expanded customer base.
Hill Dickinson’s corporate team provided legal advice on the sale, led by the firm’s national head of corporate, Ian Riggs, together with senior associate Graeme Anderson, associate Daniel McDonagh and paralegal Abigail Hill.
Symatrix is another great example of a Manchester business that has successfully established a customer base and reputation for excellence across the UK, which makes it a very good fit for AST’s global expansion plans. We were delighted to act on the sale of the business to AST and wish the combined management teams every success in taking the business forward.Ian Riggs
Partner
Ian Riggs said: “Symatrix is another great example of a Manchester business that has successfully established a customer base and reputation for excellence across the UK, which makes it a very good fit for AST’s global expansion plans. We were delighted to act on the sale of the business to AST and wish the combined management teams every success in taking the business forward.”
Symatrix CEO Chris Brooks added: “Following a competitive process, we selected Hill Dickinson to advise us on the sale due to our previous experience of working with them, their industry knowledge, professionalism and international partnerships. They have lived up to, and exceeded, our expectations. Throughout the process, the Hill Dickinson team has provided us with clear, balanced, and expert guidance.
“They particularly came into their own while navigating us through complex contract negotiation with a large US law firm. Their attention to detail and pragmatism has enabled us to achieve a successful outcome for all our shareholders. I would have no hesitation in recommending Hill Dickinson or using them again on future transactions. Well done to Ian, Graeme, Dan and Abigail for a job well done!”
Following the transition, Chris Brooks and the rest of the Symatrix leadership team will remain in their roles, with a renewed focus on expanding the UK customer base with a new suite of offerings and delivery geographies from AST.