Technology Holdings, a global investment bank with offices in North America, Europe, and Asia-Pacific, has acted as the exclusive financial advisor to Design + Industry in its strategic sale to Capgemini.
Design + Industry, founded in 1987 and based in Sydney, Melbourne, and Newcastle, is renowned for its expertise in designing and developing medical technology products. With a team of over 80 professionals specializing in industrial design, mechanical engineering, electronic component design, and product development, Design + Industry has earned recognition for its innovative approach.
Capgemini’s acquisition of Design + Industry will significantly bolster its capabilities in product design and development, particularly strengthening its engineering offerings in Australia.
David Jones, Executive Director of Design + Industry, expressed gratitude for Technology Holdings’ instrumental role in guiding them through the merger and acquisition process. He highlighted Technology Holdings’ strategic insight and global network, which facilitated multiple offers and ensured a successful outcome.
Simon Croft, Associate Director of Technology Holdings for ANZ, emphasized the transaction’s significance as Technology Holdings’ sixth deal in the region, underscoring the strong interest from international technology acquirers in expanding their footprint in Australia and New Zealand.
Vivek Subramanyam, Founder and CEO of Technology Holdings, celebrated the transaction as their tenth in product engineering, showcasing their expertise and leadership in the ANZ region.
The transaction is slated to close in the coming months, pending regulatory approval and customary conditions.
(Note: This rewrite condenses the original article while maintaining key details and the essence of the transaction.)
