Bond Dickinson has advised the Sopemea Group (Sopemea), a French environmental testing company, on its acquisition of Product Assessment and Reliability Centre Ltd (PARC), a South West-based industrial testing laboratory.
The acquisition will enable Sopemea to position itself in the UK testing market and open up new opportunities for its customers on both sides of the Channel. The PARC laboratory operates a wide range of mechanical and climatic tests including vibrations and shocks, climate, salt spray, sealing and altitude, HALT (Highly Accelerated Life Testing).
Located in Bideford and in relative proximity to Hinkley Point, PARC was founded about twenty years ago.
The Bond Dickinson team advising Sopemea on the transaction was led by Corporate partner Tom Fitzpatrick and Solicitor Claire Jeffery.
Tom Fitzpatrick, Partner, said: "We are delighted to have advised Sopemea on its first UK acquisition. It is great to be working with an increasing number of overseas trade and financial buyers looking to invest in the UK."
Stéphane Torrez, Chairman of the Sopemea Group, commented: “This acquisition is a great opportunity to establish a base outside our borders for the first time and in a territory with a huge potential. PARC gives us the opportunity to support our customers’ international activities by being present locally and offering them a full range of testing and maintenance services."
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