We are delighted to have advised Altium Limited on their acquisition of Premier EDA Solutions.
Altium Limited ("Altium"), a leading printed circuit board (PCB) software designer, listed on the Australian stock market have acquired Premier EDA Solutions Limited ("Premier"). As part of a strategic change, Altium have refined their go-to-market strategy to now include direct sales.
Founded in 1994 by Phil Mayo, Premier are based in Ware, Hertfordshire. The Company are a specialist reseller of Altium software and are the leading distributor in the UK and Ireland.
With an established customer base and specific market knowledge, Premier has been acquired by Altium to implement their new strategy by selling directly to consumers and contribute to meeting Altium's ambitious growth targets.
Our transactions advisory team, led by Director Mark Clement, provided financial and tax due diligence services relating to the acquisition. We assisted Altium throughout the process, ensuring there was effective and continuous communication.
We demonstrated a flexible approach which enabled the team to focus on gathering key information while maintaining communication with Altium and highlighting key findings in a timely manner.
"Grant Thornton provided key support to the successful conclusion of this transaction. The report produced gave a comprehensive outline of Premier's business and helped the Board in their decision to approve the deal."Martin Ive VP Finance, Altium Limited