Goodman Derrick advises OMG plc on its sale of intelligence imagery division 2d3 to Boeing

Goodman Derrick has advised OMG plc in relation to the sale of its 2d3 division to Insitu Inc, a subsidiary of The Boeing Company, for a cash consideration of US$25 million.

OMG plc is a technology group providing image understanding products for the entertainment, defence, life science, engineering and consumer electronics markets.  Its 2d3 defence software division is focused on processing, exploiting and disseminating intelligence imagery. 

At the same time as announcing the successful conclusion of the transaction, OMG plc has also announced a special dividend of 4.5p per share to be paid to shareholders. 

Goodman Derrick worked alongside OMG plc’s US legal advisers, Payne and Fears, in the successful conclusion of the cross-border transaction.

OMG plc director Cathy Robertson commented: “This was a significant transaction in the development of the OMG group, and we were delighted to work again with the team at Goodman Derrick.”

Paul Webb, who led the Goodman Derrick team including Rebecca Gardner (Corporate) and Jane Innes (Tax), commented:  “We were delighted to support OMG plc on the 2d3 sale.  The successful growth of our technology practice is reflected in our involvement on deals such as this, and our continuing representation of funds, companies and entrepreneurs in the sector.”

Goodman Derrick

  • Goodman Derrick’s corporate team of 14 lawyers is known for its commercial approach to delivering client transactions.
  • Our technology sector team advises a wide range of technology-focused businesses, including those in information technology, digital media, cleantech, biotechnology and other life sciences.
  • The firm is made up of 30 experienced partners managing a team of 90, organised into specialist practices and sector groups.
  • Adviser to FTSE-listed, national and international businesses, including many household names.
  • Recognised as leading lawyers by the independent guides to the legal profession, Chambers & Partners and Legal 500.
  • “The kind of firm that gains your trust and never loses it.” Chambers and Partners Guide to the Legal Profession.
  • A member of the worldwide Legal Netlink Association.

Contact

For more information, please contact James Caulfield on +44 (0)20 7421 7968 or at jcaulfield@gdlaw.co.uk.