Birketts, the top 100 law firm, has advised SDI Group plc on the successful acquisition of LTE Scientific Limited.
Having previously worked with SDI Group plc (SDI Group) on numerous deals, including SDI Group’s acquisitions this year of Safelab Systems and Scientific Vacuum Systems, Birketts were instructed by SDI Group to advise on the acquisition of the entire issued share capital in LTE Scientific Limited (LTE Scientific).
SDI Group designs and manufactures scientific and technology products for use by the life science, healthcare, astronomy, consumer manufacturing and art conservation markets and LTE Scientific joins SDI’s growing portfolio of specialised scientific manufacturers.
Established in 1947, Oldham based LTE Scientific specialises in the manufacture, supply and service of medical and laboratory equipment. With an impressive client base in both public and private sectors, including healthcare, further education, pharmaceutical and food/beverage, the business has built up a strong international presence.
On the acquisition, SDI Group’s CEO Mike Creedon commented: “We are pleased to have LTE Scientific as part of our Sensors and Control division, it is an impressive business that will certainly benefit our growth strategy. Once again Nick and his team at Birketts provided the efficient and comprehensive advice we needed to ensure a successful deal.”
Birketts’ Nick Burt added: “It was a pleasure to work with Mike and his team at SDI on this latest acquisition. LTE Scientific is an impressive company and I’m looking forward to watching it continue to prosper as part of the SDI Group portfolio.”