27 OCTOBER (SYDNEY): LegalVision has advised on the successful exit of Aequora Capital from MOVUS Holdings, with Infinite Uptime, advised by Thomson Geer, acquiring the business. Other key shareholders in the exit included ACAC Innovation, Blackbird and Titanium Ventures.
Headquartered in Brisbane, MOVUS Holdings is an Australian company that leverages artificial intelligence and the Internet of Things (IoT) to enhance the performance of machinery, reducing downtime and improving operational efficiency. MOVUS collaborates with water, food, energy, and mining companies, as well as other industries where machinery plays a crucial role.
MOVUS Holdings has experienced substantial growth and is well-positioned for continued expansion, including into South American markets. The company boasts a strong portfolio of intellectual property and proprietary manufacturing processes, enhancing its market position.
The acquisition by Infinite Uptime represents a significant step forward for both companies. Infinite Uptime Inc is a global Prescriptive AI leader for Process Industries. Empowering users with ai-assisted decisions and help delivering Production Outcomes. PlantOS, world’s most user validated prescriptive ai platform for semi-autonomous manufacturing outcomes, aligns well with Movus Holdings’ commitment to innovation in ANZ industrial sector and beyond.
Aequora Capital’s Adam Kossak, commented: “Morgan and her team at LegalVision provided timely, strategic transactional support throughout a complex acquisition process. The LegalVision team provided practical, results-driven solutions, working diligently across multiple time zones and jurisdictions, and with a diverse group of stakeholders to ensure a smooth and successful closing.”
The LegalVision team was led by Practice Leader Morgan Sheargold with support from lawyers Ericsson Yu, Lawson Tinmouth and Kenneith Yip.
