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News Corporate 22nd Sep 2021

Freeths Advises Escher Group Holdings Limited on Acquisition of Syslore Oy

The Freeths corporate team has advised Escher Group Holdings Limited on the acquisition of the entire issued share capital of Helsinki-based Syslore Oy.

Escher, a portfolio company of Hanover Investors, is the global leader transforming postal operators and couriers. It powers the world’s first and last-mile deliveries, helping Posts connect nearly 1 billion consumers with global e-commerce networks.

Syslore OY develops high-performance address matching and recognition solutions for postal and logistics companies, helping them to cut operational costs, maximize mail sorting automation and deliver physical and digital mail streams more efficiently.

The Freeths team was led by corporate partner Francis Dalton, supported by corporate director Ateeq Ahmed and corporate senior associate Henrietta Rendell.

Francis Dalton, Freeths corporate partner commented: “We were delighted to assist Escher and Hanover with this portfolio bolt-on acquisition. We leveraged the Freeths international network to provide a one-stop solution for this cross border transaction in the technology and logistics sectors.”

Simon Balding of Hanover Investors commented: “Freeths provided a complete solution for us on this transaction. The Freeths team were easy to work with and delivered clear commercial advice. The team was proactive in helping us close this transaction quickly and provided excellent value for money.”

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