Kochhar & Co. is pleased to announce its role as a legal advisor to the Spectris Group, a global leader in high-tech precision instrumentation and controls, in the Indian leg of its strategic divestiture of the Red Lion Controls business to HMS Networks. The transaction involved the transfer of the Red Lion Controls division from Spectris Technologies Private Limited to HMS Industrial Networks India Private Limited. Kochhar Delhi Partner Nishant Arora led the transaction, with support from Associate Akhil Verma. The team advised the Spectris Group on all legal aspects of the transaction, including reviewing, drafting, negotiating, and finalizing transaction documents and other legal formalities requisite for the successful closure of the transaction.