April 24, 2017
Translink Advises Craig & Derricott Holdings Limited on sale to Addtech Power Solutions. Translink served as exclusive M&A advisor to Craig & Derricott Holdings Limited on its sale to Addtech Power Solutions, a business area of Addtech AB (publ).
Headquartered in the West Midlands, Craig & Derricott, with a turnover exceeding £10 million is an industry leading designer and manufacturer of low voltage electrical control equipment and switchgear for the UK and export markets.
Headquartered in Sweden, Addtech is a publicly listed technology trading group comprising some 120 independent companies that sells high-tech products and solutions to customers in the manufacturing and infrastructure sectors in over 20 countries.
“Joining the Addtech family will bring many benefits to our existing customers and business,” said Andrew Dolman, Managing Director of Craig and Derricott. “Translink led the sale process and negotiated a transaction with a large, multinational industry leader that met the objectives of our shareholders and was an invaluable partner throughout the sale process.”
Terms of the transaction were not disclosed.
Contact our Team Members advising in this transaction:
Anecta Translink, our partner in Sweden, is a M&A-advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.
Translink UK – IMA is a very agile, dynamic and active UK corporate finance firm focussed on generating the best possible outcomes and experience for our clients. Operating across the UK from our base in the Midlands, just 1 hour north of London, the typical size of our transactions range from £5m to £100m and involve privately or family owned entrepreneurial businesses.