Acuity Advisors secure the cross-border sale of ETS Cable Components to Addtech AB

Technology corporate finance boutique, Acuity Advisors, has secured the sale of ETS Cable Components (“ETS”), a specialist distributor of industrial power cable components, accessories and equipment, to Addtech AB, a listed Swedish technology trading group.

The acquisition of ETS provides Addtech’s Energy division with access to the UK industrial power cable accessory market, and exposure to the high growth European data centre, renewable energy and rail infrastructure markets where ETS has developed a particularly strong presence.

ETS was founded by majority shareholder Steve Gould in 1988, who has grown the business with co-Director Kevin Moloney over the last 28 years to over £8.5m revenue and 30 employees through a focus on technical expertise, high quality service and product innovation.

Steve Gould, founder and CEO, commented: “We made a great choice with Acuity, Andy Lister showed a thorough understanding of our business and the market that we serve. I was really impressed with Acuity’s ability to access international buyers, and their dedication and attention to detail at the crucial final stages of the deal. We feel that Addtech is a really good fit for ETS, and all of us are looking forward to working together in the future.”

Andy Lister, partner at Acuity Advisors, who led the process, commented: “It has been a pleasure to work with Steve and the Addtech team on this cross-border distribution transaction. I am delighted that we have helped the shareholders find a new owner who share ETS’s passion for customer service and commitment to technical expertise and innovation – ETS is a great example of a high quality UK technical distribution business.”

Andy Lister has a strong corporate advisory track record in the industrial distribution space, having previously advised on the sale of Mayflex to Sonepar and Gresham’s sale of Flowtech Fluidpower. The sale also represents Acuity’s fifth deal involving a Swedish counterpart in the past two years. Legal support to ETS was provided by Barlow Robbins.

quote We made a great choice with Acuity, Andy Lister showed a thorough understanding of our business and the market that we serve. I was really impressed with Acuity’s ability to access international buyers, and their dedication and attention to detail at the crucial final stages of the deal. We feel that Addtech is a really good fit for ETS, and all of us are looking forward to working together in the future. quote
Steve Gould ETS Cable Components

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