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The Crosby Group invests in Verton Technologies Australia
Global law firm DLA Piper has advised Verton Technologies Australia on its recent investment by The Crosby Group.
Emma Musgrave
Firms: DLA Piper (Verton Technologies Australia); Undisclosed (The Crosby Group).
Value: Undisclosed.
Area: Finance, corporate.
Key players: The legal team advising Verton Technologies Australia was led by DLA Piper corporate partner Lyndon Masters, with assistance from senior associate Elizabeth Campbell and solicitor Mim Sherington.
Deal significance: The Crosby Group is described as a global leader in lifting, rigging, and load securement hardware, while Verton Technologies Australia is described as a local company, which develops and commercialises disruptive advancements in load orientation technology that remove the need for human-held tag lines in lifting applications.
“These innovations play a critical role in improving the safety and productivity of global lifting operations,” a statement from DLA Piper explained, noting that the transaction will see The Crosby Group and Verton “collaborate in the market to accelerate the adoption of this game-changing load orientation technology”.
“By leveraging The Crosby Group’s global footprint, Verton will bring an elevated level of safety to an increasing number of workers,” the statement added.
Commenting further, DLA Piper lead partner Mr Masters said: “We are thrilled to be able to support Verton Technologies in the next stage of its growth, and we look forward to see Verton continue to expand internationally.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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