Carson McDowell advised the Lowe Group on two acquisitions.
25 October 2021
Carson McDowell advised the Lowe Group on the acquisitions of Abbey Design Associates (Gloucester) Limited (ADA) and of Spherica Systems Limited (Spherica).
Spherica is a highly-regarded and disruptive innovator in IoT remote monitoring technology, while the addition of ADA to the Lowe Group has contributed substantial further commercial refrigeration design and consultancy expertise to the group.
Carson McDowell was delighted to act for the Lowe Group in relation to these exciting and important strategic acquisitions. The team was led by Gerard Armstrong, Partner, Corporate and assisted by Rachel Penny, Partner, Employment, Dawn McKnight, Partner, Commercial, Rosie Timoney, Associate Corporate, Karla Dooey, Senior Associate, IP and Hannah McGrath, Solicitor, Employment.
Rodney Lowry, CEO of Lowe, commented: “We are delighted to welcome ADA & Spherica into our high-performing group of brands. With innovation and a customer-focused approach at our core, these two exceptional businesses are a perfect fit. There are excellent synergies between the companies, and this can be seen in aligned cultures around customer service and our reputation as trusted innovators. Together we can take a great step forward, providing market leading end-to-end asset management control through IoT technology platforms, a first for the food grocery market.”