Eversheds Sutherland has advised Romax Technology, a pioneer in predictive maintenance solutions, on a multi-jurisdictional joint venture with BP subsidiary Castrol.

Castrol – one of the world’s leading lubricant brands – takes a controlling interest in Romax Technology’s Insight business. The deal will combine Castrol’s expertise in wind turbine lubrication with Romax Insight’s predictive maintenance, analytics and software business. Romax Insight is headquartered in Nottingham, UK.

The Eversheds Sutherland team was led by corporate partners Jon Cox-Brown (Nottingham, UK) and Nigel Cooke (Birmingham, UK) and comprised: partners James Fry (intellectual property, Nottingham, UK), Ram Sunkara (global energy and corporate transactions, Houston, USA) and Michael Hepburn (employment and benefits, Washington DC, USA), counsel Benjamin Rajabi (global energy and corporate transactions, Houston, USA), principal associate Rachel Cooper (commercial, Nottingham, UK), senior associate Vanessa Challenger (employment, Nottingham, UK) and UK-based corporate associates Tom Goff, Peter McHugh, Rachel Lester and Tom Milburn.

Jon Cox-Brown, Eversheds Sutherland, said: "We’re very pleased to have been able to support Romax Technology on this matter. Being able to bring in the knowledge and experience of our teams in the US made for a much simpler process – a great team effort.”

Mark Wells, Chairman, Romax Technology Limited, said: “This is an exciting next step for Romax Technology and we’re pleased to have reached such a successful conclusion. Despite the multi-jurisdictional and complex nature of this deal, Eversheds Sutherland worked tirelessly to ensure a seamless completion."