We advised NC Technology & Consulting on sale of LexAble Limited and LexAble Services Limited
Our Deal advisory team has successfully advised NC Technology & Consultancy Limited on the sale of its two subsidiaries, LexAble Limited and LexAble Services Limited (‘LexAble’) to Lingit AS (‘Lingit’).
LexAble is a leading provider of specialist education software to dyslexic students. Lingit, headquartered in Norway and backed by Verdane Capital, develops software to help students with a range of learning difficulties. The Transaction gives Lingit access to LexAble’s unique auto-correction software and facilitates the expansion of their UK customer base.
On the deal, Neil Cottrell, Managing Director, LexAble Limited and LexAble Services Limited said:
“We’re delighted to join the Lingit group. We’re very much looking forward to working together with the Lingit team, and learning from each other as we continue to grow.”
Frode M. Thulien, CEO, Lingit AS said:
“Lingit’s ambition to grow is not only driven by our commercial targets, but our vision to create equal opportunities for all. With our ever-increasing market presence we are utilising assistive technology to aid people with their reading and writing difficulties in participating on equal terms as others, whether it’s at home, in school, university or at work. Including LexAble in the Lingit family expands our UK market presence in addition to strengthening our resources for the English language. Completing a transaction without a physical handshake is a first for us, and we have experienced Mazars as a significant contributor and facilitator between the parties to secure this deal.”
Get in touch
If you would like any further information on this transaction or to understand how we can help support your business, please contact Paul Joyce below.
National contact