Turner Parkinson’s Corporate team have completed their most recent transaction with the multimillion pound sale of software company Galleria RTS to Finnish company Relex Solutions.
Staffordshire based Galleria RTS is a leading provider of space planning software to large retailers, with their client base including supermarket heavyweights Morrison’s and Tesco.
Corporate Partner Nick Davenport led a team consisting of Associate David Hayes and Paralegal Faizan Nayyar. Nick commented: “I’m delighted to see this transaction complete. With Galleria and Relex already having a great reputation in this sector, this acquisition will produce a combined company with great strength in the market. This latest transaction adds to what continues to be another successful year for Turner Parkinson’s Corporate team”.
Nick has a strong relationship with Galleria RTS having worked with software company for over 20 years, including acting on their management buyout in 2002.
CEO of Galleria RTS, Ian Duncan Lewis commented: “I’d like to thank Nick and the team at TP for assisting with the transaction to ensure it went through as smoothly as possible. We’re all very pleased to see this transaction complete and look forward to what the future of the company holds.”