Italian company buys waterjet business

Russell Kennedy has advised the manufacturer of patented waterjet cutting machines on its sale of the majority interest to an Italian company.

Jerome Doraisamy • 12 July 2018 • Big Law

Firm: Russell Kennedy (Techni Waterjet) (TWJ); Alpeggiani & Associati (Gravellona Macchine Marmo) (GMM).

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Deal: TWJ, which makes patented waterjet cutting machines with “innovative technology in the areas of metal, stone and glass” has sold its majority interest to GMM, while retaining management of the combined business with a carve-out of certain IP assets.

Russell Kenendy advised TWJ on all aspects of the transaction.

Value: Undisclosed

Area: Manufacturing

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Key players: The Russell Kennedy team was led by principal Andrew Chalet, who was assisted by principals Andrew Parlour and Anthony Massaro, senior associates Dr Peytee Grusche and Adam Colabufalo and lawyer Felicity Iredale.

Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: jerome.doraisamy@momentummedia.com.au

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