Novotek AB (OM:NTEK B) signed a non-binding letter of intent to acquire Kerrco Automation Ltd on August 17, 2017. Post-acquisition, the Group’s name will be changed to Novotek UK & Ireland Limited. George Walker, Chief Executive Officer of Kerrco will remain as part of the Group’s management team post-acquisition. Guy Haynes of KBS Corporate acted as financial advisor and David Deane of BKF & Co acted as legal advisor for the shareholders of Kerrco. Mazars acted as financial advisor and Burness Paull acted legal advisor for Novotek.