DirectSens Sells LactoSens Biosensor Technology to Kerry Group
Deal News | Nov 08, 2024 | CEE Legal Matters
DirectSens has divested its LactoSens biosensor technology to Kerry Group, a prominent Irish food company. This deal highlights DirectSens' prowess in creating innovative biosensor solutions such as LactoSens, a tool for rapid lactose detection. Kerry Group's acquisition is aligned with its strategic move to enhance its portfolio in lactase enzymes. Brandl Talos served as the legal advisor to DirectSens, while Wolf Theiss reportedly provided legal counsel to Kerry Group. Key figures from Brandl Talos involved in the transaction included Partners Roman Rericha and Stephan Strass, alongside their team members, Senior Associate Kevin Bley and Associate Daniel Habich.
Sectors
- Biosensor Technology
- Food Processing and Ingredients
Geography
- Ireland – Kerry Group, the acquiring company, is headquartered in Ireland.
Industry
- Biosensor Technology – The article discusses the sale of LactoSens, a biosensor technology for detecting lactose.
- Food Processing and Ingredients – Kerry Group, the acquirer, is involved in the food industry and the acquisition complements its lactase enzyme offerings.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DirectSens | Target company | Company | A company specializing in the development of biosensors, including LactoSens. |
| Kerry Group | Buyer | Company | A public food company based in Ireland acquiring the LactoSens technology. |
| Brandl Talos | Legal advisor to DirectSens | Company | The law firm advising DirectSens in the transaction. |
| Wolf Theiss | Legal advisor to Kerry Group | Company | The law firm reportedly advising Kerry Group in the transaction. |