Tue, 28 Feb 2012 | DIVISION SALE
Leicestershire-based LMW Electronics has sold part of its business to global security firm Digital Barrier and, in doing so, has effectively saved 15 jobs.
The £450,000 deal involved the transferral of LMW’s designs for its surveillance manufacturing operations to Digital Barrier. Andy Breeze and Micky Johal, accountants at RSM Tenon, acted as advisers on the sale.
The sale was motivated by a fall in orders from the Government. Post-sale, LMW is to continue to make and maintain surveillance equipment for Digital Barriers.
Owner and chairman of LMW Chris Smith said the deal has helped to secure 15 jobs, and that: “It’s a great opportunity for us. What might have started out as a full acquisition has ended up as a partial acquisition.”
“We are still manufacturing the products for Digital Barriers, but there is now the capacity for new sales being much better because the work is dovetailed into a larger company with a larger salesforce,” he told This is Leicestershire.
Established 27 years ago, LMW began by designing electronics for the amateur radio market. It has gone on to achieve sales of £1.5 million for 2010.
London-headquartered, Digital Barriers was set up in 2009 to provide surveillance technology to the international homeland security and defence markets. It also has many offices around the world.
This is a rare opportunity to acquire a leading food manufacturer specialising in South East and East Asian cuisine, with a strong foothold in the UK and European markets, supported by robust supply chains and long-standing customer relationships.
This business opportunity offers a well-established company in South East England that specialises in high-quality insulation and renewable solutions, operating across diverse sectors and supported by strong client relationships and a dedicated manag...
An established specialist provider of air conditioning, EV charging, heating solutions, and solar panels is available for acquisition, offering a comprehensive service package and robust customer base across the UK.
30
|
Apr
|
Westcotts buys agricultural specialists Douglas Green | BUSINESS SALE
South West chartered accountants and business advisers Westc...
29
|
Apr
|
Palletower continues acquisition spree with Alternative buy | BUSINESS SALE
Sale-based storage and logistics equipment provider Palletow...
29
|
Apr
|
Ilkley Brewery bought out of administration | BUSINESS SALE
Businessman Graham Smith, has agreed an investment deal with...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.