We were delighted to advise on the acquisition of Smartbox Assistive Technology Limited (‘Smartbox’) by CareTech Holdings PLC (‘CareTech’) and certain members of management.
Headquartered in Malvern, Smartbox is a market-leading creator of software and hardware that helps disabled people without speech to have a voice and live more independently. For over 15 years they have been designing and manufacturing assistive technology solutions that are designed to improve the lives of the thousands of people with disabilities.
Smartbox was bought by Tobii AB in 2018. However, following an inquiry from the UK Competition and Markets Authority, Tobii was required to divest Smartbox to maintain suitable levels of competition in the UK.
We were approached by Smartbox’s management team to support them through the bidding process to secure a new owner. We advised the management team in their joint and successful bid with CareTech, and assisted in the transaction that followed.
The successful deal means the new alliance will be able to reach more people around the world in need of assistive technology, whilst improving service pathways for disabled people and those with complex needs.