London, United Kingdom – Technology Holdings, a global investment banking firm with offices in the Americas, Europe and the Asia-Pacific, is pleased to announce that it has acted as the exclusive financial advisor to Design + Industry, one of the largest independent MedTech product design and development consultancies in Australia, on its strategic sale to Capgemini.
Founded in 1987, with studios in Sydney, Melbourne and Newcastle, Design + Industry is an award-winning team of 80+ professionals with deep expertise in MedTech, industrial design, mechanical engineering, electronics design and product development. Specialists in services across the product life cycle, including high precision solutions that have to be compliant with stringent accreditation and certification requirements, Design + Industry helps its client base, of global leaders and local innovators, take ideas and turn them into commercially successful products. With a focus on highly appealing, human-centred solutions supported by engineering excellence, Design + Industry has also been at the forefront of developing intricate medical, scientific and wellness devices for the last 36 years.
“Working with Technology Holdings was an absolute game-changer for our company. Their strategic guidance, unmatched expertise, and unwavering commitment were instrumental in navigating us through the complexities of the M&A process. TH acknowledged our distinctive proposition as the foremost design and engineering partner in the region, orchestrating a methodical and exceptionally professional M&A process to pinpoint the ideal strategic collaborator and attain a premium valuation for our enterprise. Leveraging their extensive network of buyers worldwide, they garnered multiple offers, leading to a successful outcome beyond our expectations. We couldn’t have asked for a better partner in this critical endeavor. Thank you, TH, for your invaluable support and dedication,” said David Jones, CEO of Design + Industry.
“We are delighted with the outcome achieved for Design + Industry and it has been a pleasure working with and advising David and Murray on the strategic sale. This represents our 6th transaction in the ANZ region, and further demonstrates the strong interest that we’re seeing from large global technology acquirers to increase their presence throughout the ANZ region,” said Simon Croft, ACA, Associate Director, ANZ at Technology Holdings.
Vivek Subramanyam, Founder and CEO of Technology Holdings noted “We are excited to announce this transaction – our 10th product engineering deal. This transaction showcases Technology Holdings’ strong capabilities and experience in the MedTech, Product Design and Engineering landscape, and our leadership position in the ANZ region. We wish Design + Industry much success in this strategic partnership with Capgemini.”
Find out more about this transaction here.