Sale of Infotec Limited to Journeo Plc

Flint Bishop has advised the shareholder of IGL Ltd, the parent company of Infotec Limited, on the £8.7m sale to Journeo Plc, an AIM-listed information systems and transport technical services group.

IGL Ltd, including its subsidiaries trading as Infotec, is one of the few British-based companies that design, manufacture, test, and distribute its own passenger information displays to the rail sector in both the UK and abroad.

With more than 15,000 displays in operation and coverage of 80 per cent of the rail network, 2.19m passenger journeys rely on Infotech’s products every day.

Leading on the deal for Infotec founder, Tim Court, was Partner & Head of Corporate & Finance Martyn Brierley, with support from Senior Associate Mark Wilcock. Partner David Newborough and Associate Director Jonathon Williamson, of Ashgates Corporate Services Ltd, provided accounting and tax advice to the selling shareholder on the disposal.

Brierley commented: “We are delighted to have advised Tim on this successful transaction. The process was technically detailed at times so we are pleased to have helped bring the transaction to a positive conclusion for both Tim and Journeo plc. With Tim’s ongoing role in the business, we wish him, Infotec and Journeo, the very best for their future together.”

Court added: “Selling a business you’ve worked in and nurtured for nearly 30 years was always going to be an emotional journey. Martyn, Mark, and the team at Flint Bishop conducted the transaction with the utmost professionalism and skill. To me personally, they handled the deal with a deft touch which made the process bearable, their input is one I will always be grateful for. I couldn’t recommend and rate Martyn and his team at Flint Bishop more highly.”