NNIT Group’s Acquisition of SL Controls

Irish specialist software integration firm SL Controls was acquired by NNIT Group, one of Denmark’s leading suppliers of IT services in the global life sciences industry. Philip Lee acted for SL Controls on its acquisition by NNIT A/S, while Capital Law CPH and Dillon Eustace acted for the buyer.

SL Controls is an international provider of equipment system-integrated solutions to various world-leading brands in the medtech, pharmaceutical, healthcare and technology spheres, and is expected to meet target revenues of more than €10 million in 2021. Its acquisition is expected to strengthen NNIT’s solutions within production IT and provide SL Controls with new opportunities to continue its global growth.

The deal represents an enterprise value of €16.9 million, comprising an up-front payment of €12.7 million before adjustments with an earn-out element of €4.2 million.

The Philip Lee team included Corporate and M&A team members John Given, Rebecca McEvoy, Rebecca Clabby and Daniel Ryan. The Dillon Eustace team was led by Adrian Benson, Partner in the Corporate and M&A teams, with support from David Lawless, Head of Tax.