Printed Electronics Now staff09.21.20
The current leadership team at DataLase acquired full independence for the company through a management buyout (MBO) from Sato, the global provider of Auto-ID solutions.
With advisory assistance provided by international audit, accounting and consulting group, Mazars, and legal advice by UK law firm Shoosmiths, the deal was led by the firm’s COO and CFO, Clare Lewis, CSMO, Paul Dustain and CTO, Alexander "Ally" Grant.
Based in Cheshire, DataLase was originally acquired by Sato in December 2016.
The change in direction is centered on Sato’s strategic aim of concentrating resources on its Auto-ID solutions business to build sustainable growth and enhance its corporate value, while DataLase looks to push forward with increased technological advancement and to further develop its Photonic Printing offering.
Recognizing these differing objectives, the two sides were able to come to an agreement on the transfer of shares.
“With an excellent understanding of the business and an appreciation of its future direction, the management team can now continue on the path of new product commercialization and growing the legacy business," said Lewis, who is now the CEO. "This new era of independence will allow us to become more dynamic and agile in our approach and, with some exciting new developments on the horizon, we look forward to unlocking further commercial success for DataLase.”