UK: Wedlake Bell Advises Cosworth On The Sale Of The Adaero Group
Last Updated: 4 February 2015

London law firm Wedlake Bell LLP advised Cosworth Group Holdings Limited, the world-renowned performance engineering group, on the sale of Adaero Precision Components Limited to Indutrade UK, part of Indutrade AB.

Adaero is a specialist manufacturer of high precision components, supplying equipment and instrument manufacturers in the medical, optical, defence, laser and hydraulic industries.

Christopher Tite led the Wedlake Bell team which included Rebecca Patrickson, Hilary Platt and Michael Sinha. Christopher commented "We are delighted to have worked with Cosworth on its sale of Adaero in order to focus on its strategic goal of growing and developing its core business".

Following the sale of Adaero, Hal Reisiger, CEO of Cosworth, said:

"Wedlake Bell's knowledge of our business in combination with their specialist legal expertise made them an ideal choice to represent Cosworth. This sale is consistent with our strategy to be a leading supplier and chosen partner in the high performance sectors of the automotive, performance aftermarket and motorsport markets. It allows us to re-deploy capital to our core business, enabling us to accelerate the development of new products and services and to further invest in our capabilities."

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