Springboard advise RedSpeed International on sale to Stockholm-based Sdiptech AB


Springboard Corporate Finance is delighted to announce that it has advised the shareholders of technology business RedSpeed International Limited on the sale of the company to Stockholm-based Sdiptech AB.

RedSpeed Logo

About the deal

RedSpeed is a leading supplier of technology based solutions to the traffic enforcement industry, specialising in the development, manufacture and maintenance of digital enforcement cameras. Based in Kidderminster, the company has a primary focus on the UK market but is also seeing increasing interest for their products from customers in the EU and the rest of the world.

Sdiptech AB is a Swedish technology group with a primary focus on infrastructure segments critical to well-functioning societies and to welfare, e.g. water & sanitation, power & energy, transportation, energy efficiency and air climate. The company employs more than 1100 people around the world and is listed on the Swedish stock exchange.

How we made a difference

  • Identified and engaged with a number of UK and international strategic trade buyers
  • Negotiated terms to maximise value of the business, including the extraction of cash, whilst while delivering substantial future investment to support of the on-going management team’s investment plans;
  • Managed a competitive sales process, obtaining a number of strong offers from interested parties;
  • Advised and helped resolve a number of key commercial and financial matters to help facilitate the transaction;
  • Project managed the process throughout to preserve value and secure a successful completion; and
  • Advised on the documenting the financial mechanism in the legal documentation.

The client on Springboard

“I have previously worked with other advisers to sell my businesses and Springboard brought a fresh approach to this transaction.  I am very happy with the outcome of the sale, Springboard were fully committed to making it happen. Their senior team provided helpful and practical advice at all times.”

Former Chairman, RedSpeed International Limited


"We spoke to a number of advisors before deciding to engage with Springboard. We felt that they had the required experience to look after us properly and were able to give us the personal attention we needed. We are delighted that the results vindicated our choice and would not hesitate to recommend their services."
David ShepheardIndecs Computer Services
"Springboard provided us with outstanding support throughout the process of raising new investment. They showed great empathy with management and shareholders, yet were also tough enough on us all to drive us through the process. Their communication and negotiation style was outstanding."
Andy ReevesMuddy Boots Software
"We have enjoyed honest and professional advice throughout the transaction.  We are delighted with the results achieved and have no hesitations in recommending Springboard's services to others."
Darren Boyce Proximity Communications