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.