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LearnD Acquires Ashdown Controls Group

JPA Brenson Lawlor Corporate Finance & Tax teams are delighted to have advised the Shareholders of on the sale of their companies to Luxembourg publicly listed company,

Ashdown Controls Group is a Dublin-based Building Energy Management Systems provider, serving a range of sectors in the construction industry across the UK and Ireland. The group, formerly known as Ashdown HVAC Controls Limited, now consists of Ashdown Controls Systems which deals with projects and Ashdown Controls Services which deals with services and maintenance. The company is owned by Seamus McGlade and it does not report turnover or EBITDA information.

Learnd is a Building Management Systems (BMS) provider co-founded in 2020 by CEO, John Clifford, and COO, Simon Wood. The business is based in Luxembourg. The company is traded on the German Stock Exchange under Learnd SE with a current market cap of c. €195m.