Foley Serves as Legal Adviser to Diploma in Acquisition of Tennessee Industrial Electronics

21 March 2023 News

Foley & Lardner LLP served as legal adviser to Diploma PLC (Diploma), the international group distributing specialized products and services, in its acquisition of Tennessee Industrial Electronics, LLC (TIE).

Based in Nashville, TN, TIE is a market leading value-add distributor of aftermarket parts and repair services into the fast-growing US industrial automation end market, with a focus on robotics and computer numerical control (CNC) machines. TIE differentiates itself through its very strong aftermarket capability; value-add proposition based on deep technical expertise; speed to market and breadth of product offering which result in high levels of repeat business from a large and loyal customer base. TIE's strong and experienced management team will remain with the business.

The Foley deal team was led by Partner Omar Lucia and Associate Ryan McNulty.