J.W. O’Donovan acted as legal advisors to the shareholders of Demesne Electrical Sales Limited in the sale of the company to OEM International.

The acquisition, which took effect on the 13th of January 2022, saw OEM International acquire Ireland’s leading independent importer and distributor of electrical control, switchgear, energy saving & installation products. Founded in 1977, Demesne Electrical has a HQ facility in Dublin 24 and national distribution centres in Cork and Dungannon. The company’s total revenue is now circa €20 million.

 OEM is based in Tranås, Sweden and operates operating business units in 14 countries split into three geographic regions. It had revenue of SEK 3.3 billion (€310 million) in 2020. Its shares are quoted on the Stockholm Stock Exchange’s OTC List.

The team at J.W. O’Donovan was led by John Fuller (Partner, Corporate), with assistance from Anne-Marie Linehan (Partner, Property), and David Pearson (Partner, Employment). David Williamson of the seller group says “the team at J.W. O’Donovan provided fantastic advice to the shareholders in Demesne and worked tirelessly to get the transaction closed within the agreed timeline.”

OEM International’s President and CEO Jörgen Zahlin is quoted in saying that their company’s ambition is to “further develop and grow the existing Demesne business and to gradually strengthen the customer offering”. Under its new ownership, Demesne Electrical Sales Limited will continue on a path of further innovation and excellence in the electrical industry.

John Fuller, Corporate Partner says “having acted for Demesne for a number of years we were delighted to advise on a deal that achieves an exit for the shareholders and will allow the company to grow as part of the wider OEM group. Refinitiv reported a record 690 M&A transactions in Ireland in 2021 and we expect 2022 to be a very strong year also.”

For further information contact John Fuller (jfuller@jwod.ie)