Thu, 04 Jun 2026 | BUSINESS SALE
Manchester-based engineering group Complete Plant Maintenance Engineering (CPM) has been acquired by German counterpart Langer + Laumann (L+L), along with its subsidiaries Northern Drives & Controls (NDC), NDC Inc, NDC Deutschland & NDC Spain.
The majority investment from L+L, which is backed by Nordic private equity firm Norvestor, will create a combined business that provides a one-stop solution for lift repair and maintenance and generates revenues of close to €40 million (£34.5 million).
CPM, which is headquartered in Trafford Park and was established in 1987, specialises in 24/7 electromechanical repair, replacement and maintenance services for specialist electronic drive systems, inverters, motors and gearboxes. The company operates predominantly in the lift and solar panel sectors, serving an international client base.
Steinfurt-based L+L provides aftermarket lift services, specialising in lift door drives and control unit kits for repair, modernisation and maintenance.
Following the acquisition, CPM co-owners David and Jordan Griffin have reinvested into the combined group. The pair will continue to lead the business, alongside the L+L management team and Norvestor.
David Griffin, founder and Managing Director of CPM, said: "We started CPM in 1993 with a clear focus on responsive, around-the-clock engineering support, and that's still what defines the business today.”
"Joining Langer + Laumann is a natural next step – it gives us access to a broader technical capability and a stronger European platform, while preserving the service-led culture our team and our customers value.”
"Selling a business you've built from the ground up is never a small decision, but we couldn't have asked for a better partner to take it forward. Jordan and I are reinvesting because we genuinely believe the best chapter is still ahead."
CPM’s shareholders received M&A advice from Brabners Deal Advisory, with the deal’s price, structure and heads of terms negotiated by Head of Deal Advisory Paula McGrath and Nicole Turton.
Paula McGrath, principal and head of Brabners, commented: "CPM is exactly the kind of business European private equity is hunting for right now: a reliable, founder-led industrial with international reach, recurring service revenues and genuine technical depth.”
"We've worked with David and the CPM team since the original MBO, so we came into the sale process with a deep understanding of the business and what made it attractive to international buyers. That continuity helped us move quickly through what was a complex, cross-border transaction and protect what mattered most to the shareholders.”
Lift maintenance has emerged as a major driver of M&A activity in the UK's facilities management sector
Find out more about the critical role heads of terms play in M&A in this in-depth insight
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