Engineering firm to expand following acquisition
A Bedford-based engineering company is planning for expansion after being acquired by an international equipment group.
Zoedale, which specialises in solenoid valves and valve actuators, has been acquired by OEM Automatic, an industrial equipment supplier.
The company says that the acquisition will allow it to broaden its product offering as well as its sector expertise, while remaining in Yorkshire.
The deal was navigated by Poonam Kaur of FDS, based in Wakefield.
Richard Armstrong, UK managing director at OEM commented: “We are really excited about Zoedale joining the OEM Group.
“Because of the market synergy between OEM Automatic and Zoedale we can offer our UK customers a much broader range of products.
“Not only will we be offering more products, but we will also be utilising both companies’ technical expertise to provide the best solutions for their applications.”
Paul Trudgill, who helped advise on the transaction on behalf of Keebles, said: “We were delighted to help Tim and Barnaby [co-founders and directors] sell their family company to OEM-Automatic.
“It was a pleasure to see the success of Tim and his family over the years realised by the conclusion of the transaction, which will enable Tim to continue to work with the business while exploring other exciting opportunities.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work
Restoring confidence for the economic road ahead
Ready to scale? Buy-and-build offers opportunity
When will our regional economy grow?
Creating a thriving North East construction sector
Why investors are still backing the North East
Time to stop risking Britain’s family businesses