Jul 2019

Opus advises on the acquisition of advanced materials business

Category: Deal Announcement

Opus has advised SPS Technology, a company formed for the purpose, on the acquisition of the business and assets of Intelligent Engineering Holdings. This included restructuring $75m of debt. SPS is a structural composite construction material comprising two metal plates bonded with an elastomer core.  The material is used in a wide variety of civil and maritime applications including in the London Olympic Stadium and the new USTA Flushing Meadow Grandstand in New York. SPS is much simpler than stiffened steel plate and lighter and faster to erect than reinforced concrete leading to materially reduced construction time frames, carbon footprint and costs. It is also fully reusable. This is an important transaction for the Opus Sustainability team expanding our experience into advanced materials.

For further information please contact John McElroy or Joe Roberts.