Trowers & Hamlins has advised new client AVenture AT GmbH on the acquisition of Imagination Technologies' Pure DAB digital radio business in a deal that includes an option to acquire one of Imagination's properties in Hertfordshire.

Austrian investment company AVenture has acquired the business and assets of Pure, the British radio manufacturer, from Imagination Technologies, the British technology R&D company which designs microchips for products including iPhones.

The deal allows AVenture to exercise an option to acquire Imagination's property at Concept House in Kings Langley, the current headquarters of the Pure business.

Trowers & Hamlins Corporate Partner Nick Harrisingh, who led the deal team said:

"It's been exciting to work on this transaction. The acquisition will provide a great platform for the business to grow and flourish with the support of the new owners. We look forward to continuing our work with AVenture and Pure in the future."

Markus Steck, a director of AVenture said:

"We have enjoyed working with Trowers & Hamlins on this multi-faceted deal. We are looking forward to working with the Pure management team and helping the business achieve its potential."

AVenture was referred to Trowers & Hamlins by its Austria Interlaw member firm, Binder Grosswang Rechtsanwalte, who also worked on the deal, demonstrating the seamless service and referral strength of our Interlaw network.