Ashtons Legal advises Micross Components on the acquisition of Eltek Semiconducters Ltd

Posted 29/04/2015

Ashtons Legal has recently advised Norwich based Micross Components Ltd (“Micross”) on the acquisition of Eltek Semiconductors Ltd (“Eltek”).

Micross is a leading global provider of distributed and speciality electronic components for military, space, medical, and demanding industrial applications, with its UK head office in Norwich.

Eltek has a long history of service to the high reliability semiconductor marketplace, demonstrating innovative and creative engineering expertise and has facilities in Dartmouth and France.

Matthew Downing, Corporate Solicitor at Ashtons Legal, who led the transaction said: “It has been an absolute pleasure advising the team at Micross. The acquisition of Eltek Semiconductors complements the existing business extremely well and also provides a number of exciting new opportunities to be explored by the company going forward”.

Ben White, Micross Managing Director notes: “Eltek’s track record of engineering innovation and really talented engineering team strengthens Micross’ ability to bring original solutions to our customers, and on behalf of our suppliers. We are very excited to welcome them to the Micross group of companies”.

Mr White adds: “We fully appreciate the support Ashtons Legal provided us with throughout this transaction; it has been a pleasure working with them.”

The Ashtons Legal team was led by Corporate Solicitor Matthew Downing. Matthew was assisted on the transaction by Associate Mark Watson, Paralegal Whitney Leveridge, Trainee Solicitor Jessica Piper, Commercial Property Solicitor Howard Bailey and Employment Partner Ross Strowger.

Pictured: Matthew Downing