International legal practice Osborne Clarke has advised construction technology provider Causeway Technologies on its acquisition of Buchanan Computing.
Buchanan Computing is the leading provider of permanent traffic engineering and highways management solutions, including ParkMap which is currently used by over 90 UK local authorities to efficiently manage the complete lifecycle of traffic regulation orders (TROs).
The acquisition builds upon Causeway’s vision of digitalising construction, maintenance, and traffic management processes by connecting Causeway one.network with Buchanan’s ParkMap, to create the UK’s first unified platform for Digital Traffic Regulation Orders (D-TROs).
The Osborne Clarke team was led by Corporate Partner Simon Spooner and included Adam Turner, Olivier Jacquelin and Shauna Poole. Additional support was provided by a multi-disciplinary team including Elizabeth Shanahan (Tax), Will Robertson and Bethany Filby (Commercial), and Siobhan Murphy and Sarah Smith (Employment).
“The acquisition of Buchanan Computing reinforces our commitment to delivering a fully integrated, end-to-end solution for Highways Authorities and Contractors, enabling them to seamlessly plan, monitor, and communicate the management and maintenance of their infrastructure assets while ensuring full compliance with legislation.”
“By bringing our vision to life, we empower local authorities to operate more efficiently, maximising their limited budget and resources. This not only improves the level of service, but also benefits the public with better-maintained infrastructure and more timely, accurate information about the road network, reducing congestion, journey times, and carbon emissions.”
“The acquisition of Buchanan Computing reinforces our commitment to delivering a fully integrated, end-to-end solution for Highways Authorities and Contractors, enabling them to seamlessly plan, monitor, and communicate the management and maintenance of their infrastructure assets while ensuring full compliance with legislation.”
“By bringing our vision to life, we empower local authorities to operate more efficiently, maximising their limited budget and resources. This not only improves the level of service, but also benefits the public with better-maintained infrastructure and more timely, accurate information about the road network, reducing congestion, journey times, and carbon emissions.”
This acquisition follows Osborne Clarke's engagement by Causeway on the investment by Five Arrows Principal Investments in July 2021; its acquisition of leading infrastructure asset management software provider, Yotta, in May 2022; and its acquisition of the developer of the UK's leading workforce competency and authority-to-work system, Reference Point, in May 2023.
Osborne Clarke is a go-to legal practice for companies in the technology, mobility and built environment sectors. It works with clients ranging from international businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.
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