HMT LLP dvised the shareholders of Unique-ID, a specialist supplier of mobile solutions, auto-ID equipment, RFID and tracking products to the UK logistics market, on its disposal to M-Netics. Unique-ID will become a wholly owned subsidiary of M-Netics Holdings Ltd and will continue to trade and operate as a standalone business within the group.
M-Netics is a leading supplier of mobile solutions to the UK retail and logistics markets and a major supplier of Motorola Solutions products. M-Netics has over 15,000 users running its applications. Customers include DHL, Debenhams and New Look. Unique-ID is a leading supplier of Honeywell auto-ID solutions in the UK. Customers include BMW, Menzies, Palletforce, SITA and Smiths News amongst others.
The combination of M-Netics and Unique-ID will create a major enterprise mobility solutions supplier and integrator for the UK market. The relentless appetite of major companies to increase supply chain efficiency, deliver improved customer service and exploit the growth areas of multi-channel retailing and e-commerce logistics are resulting in continuing demand for mobile technologies.
“This acquisition extends and deepens our capability in the auto-ID and industrial mobile market,” said Tim Hamilton-Davies, Chairman of M-Netics Holdings Ltd. “Unique-ID’s core strengths of product development, manufacture and service, will complement M-Netics’ software solutions, wireless networking and service management offerings. We are excited to welcome Unique-ID into the M-Netics operation.”
Tony Rainbow, CEO of Unique ID, commented, “Having worked with the HMT team previously, I had no hesitation in approaching them to advise on this disposal. HMT worked tirelessly to ensure the transaction progressed smoothly, and helped to ensure an agreement was reached that left all stakeholders extremely satisfied.”
Andrew Thomson commented, “Having advised Tony on the management buyout of Unique ID in 2007, we are delighted to have now led this successful disposal six years later, during which time the business has continued to develop and cemented itself as an industry leader, thus resulting in the company’s shareholders realising significant value.”