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Sale of  vMonitor to Rockwell Automation, Inc.

Sale of vMonitor to Rockwell Automation, Inc.

Trowers & Hamlins' Abu Dhabi office has advised long-standing client Control and Applications Group (CAG) on the sale of vMonitor, one of their subsidiaries and a global technology leader for wireless solutions in the oil and gas industry, to Rockwell Automation, Inc., a NYSE-listed company specialising in industrial automation and information.

Abu Dhabi-based vMonitor has operations throughout the Middle East and in the USA, Africa and India.  It offers solutions which monitor and control wellhead and upstream applications, effectively creating the 'digital oilfield'.

This transaction involved negotiating numerous documents including a share purchase agreement, an asset purchase agreement for the assets of vMonitor in the USA and India, as well as an agreement to transfer intellectual property.

Commenting on the sale, Carlos Marques, CEO of CAG, said:  "The transaction was negotiated and completed within a very tight timeframe and both the sellers and buyer worked well together to achieve the deadline.  We were able to draw on Trowers & Hamlins' significant experience of M&A transactions in Abu Dhabi to deliver in depth and practical advice to help us achieve the result we wanted."

Guy Danalis, resident managing partner of Trowers & Hamlins' Abu Dhabi office, led the sale with support from solicitor Jonathan Astbury and TMT partner Saleem Adam.