Slaughter and May is advising Colt Group S.A. (Colt) on its proposed acquisition of KVH. Colt will pay a total cash consideration of EUR 130.3 million for 100% of KVH on completion of the transaction.

The proposed acquisition, which is subject to independent shareholder approval and expected to complete in the later stages of 2014, will enhance Colt's position in serving multi-national companies with global financial trading system solutions.

Colt is a leading European provider of business communications and is presently connected to over 25 Major Exchanges and Multi-lateral Trading Facilities.

KVH is a provider of international business communications which specialises in global low latency networks and robust data facility centres. KVH operates a strong network across the Asia-Pacific region.

CONTACTS

Corporate and Commercial: William Underhill (partner), Susannah Macknay (partner) Henry Bennett (associate); Intellectual Property: Marianne Helps (associate); Tax: Chris Milliken (associate).