MinterEllison Advises Electro Optic Systems Holdings Limited on A$144 Million Sale of EM Solutions

1 minute read  21.11.2024

MinterEllison has advised long-standing ASX-listed client, Electro Optic Systems Holdings Limited (EOS), on the sale of its wholly-owned subsidiary, EM Solutions Pty Ltd (EM Solutions), to AIM-listed UK public company, Cohort plc (Cohort).

The transaction, valued at A$144.0 million, is subject to customary post-completion adjustments and conditions, with completion expected within six months.

The transaction builds upon MinterEllison's long-standing relationship with EOS and reflects the firm’s expertise in the defence sector.

The MinterEllison team advising on the transaction was led by Partners, Daniel Scotti and Nicole Sloggett.

Commenting on the deal, Daniel Scotti said: "We are proud to have supported EOS in this strategic transaction. The sale of EM Solutions further strengthens EOS’ focus on its core business, while positioning EM Solutions for continued growth under Cohort’s leadership. It’s a great example of our commitment to helping our clients achieve their long-term goals in an increasingly complex geopolitical environment.

Commenting on the deal, Nicole Sloggett said:This transaction reflects our deep expertise in the defence and technology sectors, as well as our ability to navigate the complexities of international M&A deals. We’re pleased to have worked alongside EOS in achieving this successful outcome, which will enable EM Solutions to expand its reach and capabilities on the global stage.

The transaction builds upon MinterEllison's deep experience and capability in assisting the defence industry respond to the changing and complex strategic national security and geopolitical environment.


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