Sale of IDS platform to Densitron

We acted as adviser to Independent Project Engineering Ltd (IPE), on the sale of its flagship Intelligence Display Systems (IDS) platform to Densitron.

We project managed the sale process on behalf of IPE with input from PEM’s transaction tax experts who advised the vendors on how to structure the sale to make it more cost effective.

The IDS platform has been a flagship product for Melbourn-based IPE for more than 10 years. IDS combine proprietary hardware and software allowing broadcasters to connect, control and automate devices and activities in and around the broadcast studio. IPE, whom we advised on their MBO in 2019, are industry experts in broadcast media technology and provide an end-to-end service.

Prior to this transaction taking place, there was an established technical alliance between IPE and Densitron in which the IDS platform was the centrepiece. The synergy between IDS and the wide range of Densitron displays had been obvious to stakeholders for some time so this tie-up offered an exciting opportunity to accelerate growth and innovation.

The buyer acquired the entirety of the IDS platform IP/assets and the IDS sales and engineering teams also joined Densitron to ensure continuity of service.