UK Top 50 law firm, Birketts, has advised SDI Group on the acquisition of the entire issued share capital of Severn Thermal Solutions Ltd.
SDI Group is an acquisitive group, focused on companies that design and manufacture specialist lab equipment, industrial and scientific sensors and industrial and scientific products. Severn Thermal Solutions Limited is a designer and manufacturer of high temperature furnace systems and environmental chambers for advanced material processing and testing.
SDI notes that the acquisition of Severn Thermal Solutions meets its “key investment criteria of targeting scientific and industrial niche markets with global reach”.
The Birketts team was led by Corinne Spencer (Senior Associate, Corporate) and supported by Macauley Alsford-White (Associate, Corporate), Anvita Oswal (Advocate, Corporate), Julia Harlock (Senior Associate, Commercial Real Estate), Ryan Smith (Solicitor, Corporate Tax) and Robbie Watson (Senior Associate, Corporate Tax).
Stephen Brown, Chief Executive Officer of SDI Group, said: “Severn is a profitable business that continues to thrive, and we are confident that by retaining its strong management team it will flourish further – especially with additional international exposure brought by this deal.
“We are very pleased to have completed this acquisition with the support of Birketts and appreciate their hard work and tenacity in closing this deal.
“As a group, SDI will carry on pursuing our acquisitive growth strategy in tandem with our organic growth programme.”
Corinne Spencer added: “As always, it is a real pleasure to act for SDI in continuing to achieve its acquisitive growth strategy. We look forward to seeing how Severn Thermal Solutions Limited complements the group and attributes to its ever-growing success going forward. Congratulations to Stephen and the team on another great addition.”
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