Crosslake Technologies, LLC acquired Intechnical Ltd from Mercia Asset Management PLC (AIM:MERC) and others from £14.5 million on January 18, 2023. Mercia held a 25.5% direct holding in Intechnica and sold its stake at an enterprise value of £14.5 million for which it will receive £3.7 million.

Crosslake Technologies, LLC completed the acquisition of Intechnical Ltd from Mercia Asset Management PLC (AIM:MERC) and others on January 18, 2023. Don Gray and Joe Briggs of Translink International AG acted as financial advisor to shareholders of Intechnical.