Liverpool workforce platform swallowed up by Swedish group
Liverpool headquartered MSite, a workforce management platform for the construction industry, has been sold to a Swedish firm.
MSite’s platform is deployed across the country by major contractors including Morgan Sindall and Vinci Construction.
The sale of MSite to Swedish-based Infobric creates a leading European digital supplier to the construction sector.
Infobric has offices in Sweden, Norway, Finland and the UK and will give MSite the capability to roll out its tech solutions internationally.
It comes as the market for digital technology in the construction sector is growing significantly. This is particularly across productivity and safety.
Neil Norman, founder and CEO of MSite, said: “MSite has trail-blazed digital workforce management in the UK Construction space for 20 years, but our ambitions have always been to be a global company.”
Law firm Brabners advised the shareholders of MSite on its sale to Infobric Group.
Brabners’ corporate team in Liverpool, led by Andrew O’Mahony and including Daniel Hayhurst and Alex Thow, advised on the transaction.
The Brabners team worked closely with MSite and its shareholders in order to close a comprehensive legal due diligence process, negotiate the transaction and take it through to completion within two months.
Andrew O’Mahony, partner at Brabners said: “We are delighted to have advised the shareholders of MSite on what is a highly significant deal in the construction technology sector.
“MSite is a market-leading business which Brabners has had the pleasure of advising for many years, and we are glad to see a great outcome for all involved. We wish Neil and the team every success moving forward.”