Client Background & Objective
Corobor Systems is a globally-recognized provider of technology solutions for the meteorological sector based in Paris. Corobor was acquired by U.S. company, Campbell Scientific, a leading designer and manufacturer of quality measurement and control products. IMAP's team in France, Societex, advised Corobor during the entire sale process.
The founder and owner of Corobor turned to Societex for guidance on how to sell the company and prolong its success in the market. The French team leveraged IMAP's specialized industry teams at a global level to better understand the sector and identify potential international buyers and with this, Societex defined a strategic approach for a competitive sale process that met Corobor's objectives.
IMAP Advantage & Approach
IMAP was in charge of guiding Corobor through different stages of the process and facilitating the transaction. Societex prepared and managed all necessary documentation, set up a comprehensive data room, organized management presentations and supported Corobor's owner during due diligence information requests. Societex's committed involvement from start to finish was crucial for the successful closure of the sale to Campbell.
Outcome & Impact
The transaction allowed Corobor to continue its positive track record and remain at the forefront of the sector. Both companies strengthened and diversified their global presence. Moreover, by joining complementary software and hardware capabilities, there is an opportunity for the new company to undertake wider-scoped projects and deliver fully integrated solutions.
Michel Bourgues, founder and CEO of Corobor Systems, shared: "I am thrilled to join Campbell Scientific as this is the ideal partner to further develop our business all over the world. We will now form a unique entity, able to realize integrated projects combining sophisticated measurements with end-user oriented meteorological software. Receiving advice and guidance from merger and acquisition specialists was decisive to prepare and run the selling process, but also to identify key targets and negotiate the best deal. TheIMAP team assisted us throughout the process with great efficiency."
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