Road marking giant snaps up tech firm
WJ Group has acquired the business and assets of tech firm Sunstone IP Systems in a move that hopes to improve its technology solutions and provide a foundation for future development.
Based in Staffordshire, WJ Group is a provider of highway safety and road marking solutions, generating over £100m in annual revenue as a trusted partner for the strategic road network, local authorities and various off-highway sectors.
Sunstone offers products that include the design, assembly and installation of solar-powered security systems, surveillance and IoT connectivity.
The deal was facilitated with the assistance of legal advisors from Knights, led by Lisa Bridgwood and Luke Pritchard, along with accountants from DJH.
Greg Andrews, chief financial officer at WJ Group, said: “The acquisition was completed within extremely tight timescales through very efficient collaboration with Knights’ team and our M&A team. The valued input from the advisory team helped ensure a successful conclusion to this deal and another step in WJ’s journey to create safe and sustainable journeys for everyone.”
Luke Pritchard, corporate partner at Knights, said: “It was a pleasure to work with Greg and his team at WJ Group. This was a transaction delivered to a tight timescale, requiring expert input from a number of our specialist teams. The acquisition further strengthens WJ Group’s already impressive standing in the UK market.”