Charles Russell Speechlys LLP advises 1Spatial PLC on its partial disposal of Enables IT Group Limited
Charles Russell Speechlys LLP has advised AIM-listed client, 1Spatial PLC, in relation to its recent disposal of 80.1% of Enables IT Group Limited to Champall Consultancy Limited a company jointly owned by Michael Walliss, the Founder and Managing Director of Enables IT, with his wife.
1Spatial, which is renowned as being a leading provider of global geospatial software and solutions, considered that the Enables IT business was not central to its strategy and the decision was taken to dispose of the business. This represents a significant strategic step forward for 1Spatial, and will allow a greater focus on the core global geospatial business which the directors believe offers considerable growth potential.
Enables IT provides managed IT services to a portfolio of clients mainly within the SME market, and was acquired by 1Spatial in 2015.
1Spatial CEO, Claire Milverton, commented that “Mark and his team at Charles Russell Speechlys provided hands on support and commercial insight throughout this strategically important transaction for 1Spatial, which we hope will allow everyone at 1Spatial to focus our energy on expanding our core global geospatial business going forward.”
Mark Howard said “we were delighted to advise Claire and the 1Spatial team on this strategically significant transaction and we wish them all the best in their exciting plans for the development and growth of their core business.”
The Charles Russell Speechlys team was led by Mark Howard with support from Darren Marley, Edith Lai and Alex Stevens. For more information please contact Mark Howard.
