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Breaking news as The Camlee Group announce the sale of ALH Systems Ltd
Manchester based corporate finance boutique, The Camlee Group, has assisted in negotiations to successfully complete the deal for ALH, which sold to Indutrade AB on 26th June 2014.
Boasting an annual turnover in excess of £854.5 million, Swedish based Indutrade markets and sells components, systems and services with a high-tech content within five selected niches including Engineering and Equipment, Flow Technology, Fluids and Mechanical Solutions, Industrial Components and Special Products.
Operating across 26 countries, and seeking growth through a structured and tried-and tested acquisition strategy, this deal marks the fourth acquisition that Indutrade has made in the UK to date. ALH will form part of Indutrade’s Special Products business area and it is expected that the acquisition will have a marginally positive impact on Indutrade’s earnings per share.
Lee Wojtkiw, Director of The Camlee Group, commented “It was immediately clear from the onset that the two companies were an ideal fit. Our clients at ALH felt that being under the umbrella of the Indutrade group would offer long term stability and would provide a framework that offered excellent opportunities to build upon ALH’s continued development of new and existing products.” Cameron Varley, Managing Director of Camlee, added “We could see how the acquisition would strengthen Indutrade’s market presence, allowing them a strong UK foothold and access to ALH’s supply network across more than 20 countries. This ultimately added value to the deal, resulting in the best solution for our clients.”