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Matheson Advises on Sale of Modular Automation

AUTHORs: Brian McCloskey Services: Corporate and Mergers & Acquisitions Date: 26/01/2024

A Matheson team led by Corporate M&A partner Brian McCloskey and Corporate M&A associate Ciara Finnan and Corporate M&A solicitor Teresa Carty is delighted to have advised the shareholders of Modular Automation ("Modular") on its sale to Automated Robotics, Inc., which is backed by Ares Management. Modular specialises in crafting and providing automation solutions for the most forward-thinking manufacturers in the MedTech industry, encompassing design, construction and delivery aspects. Automated Robotics, Inc. is a newly formed industrial automation company designed to capitalise on increasing global demand for manufacturing automation solutions. Modular is one of two inaugural acquisitions by Automated Robotics, Inc.

Based in Clare and operating for nearly 40 years, Modular benefits from its state-of-the-art production facilities and has long-term relationships driven by its high-quality products, product innovation and market-leading service levels. This partnership enables Modular to expand the reach of its innovative solutions and advanced automation capabilities for its global medical technology clients.

Brian McCloskey commented:

"We are delighted to have supported Modular on this sale. We, at Matheson, are always looking to work with innovative businesses and Modular is a prime example of this. This deal highlights the attractiveness of successful Irish businesses to international private equity funds."

As Ireland's largest law firm, Matheson LLP has some of the most experienced corporate lawyers in Ireland.  This transaction is a further example of the strength and depth across our market leading Corporate M&A team, as well as our experience delivering for clients on complex and innovative domestic and international corporate transactions across all industry sectors.

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