Rail industry provider sold to Swedish multinational

Tidyco, the Derby manufacturer and supplier of hydraulic and pneumatic products and assemblies to the rail industry, has been sold to Swedish-based Indutrade.

Indutrade is an international technology and industrial business group that operates through more than 200 subsidiaries with some 9,600 employees in more than 30 countries across six continents.

Tidyco has been working in the rail sector, for over 50 years. The firm offers a broad range of products and assemblies, as well as the provision of overhaul services of specific systems to the UK rail industry. Tidyco also serves other industrial sectors with its core offering such as the design and supply of commercial HVAC solutions and mobile hydraulic hose replacement.

The deal was led by Roy Farmer, head of corporate finance at Dains, and supported by Lisa Richards, Constance Host and Brendan Shea. Tax support was provided by Adam Longmore and Rebecca Jones.

Flint Bishop, led by Martyn Brierley, acted as the sell-side legal advisers.

James Tidy, managing director of Tidyco, said: “Having recently completed the sale of Tidyco with Roy Farmer, I want to express my sincere gratitude to the team at Dains. The whole process took approximately five months from start to finish.

“It has been a pleasure working with Roy. From a seller’s perspective, I have felt in safe hands all the way. There was never any drama—just cool, methodical, sensible, and measured responses backed up with sound facts and input from my business.”

Farmer said: “We are delighted to have advised James and the team at Tidyco on this significant milestone. Tidyco is a fantastic business with a strong reputation in the rail industry. By identifying Indutrade as a strategic buyer early in the process, we were able to secure a deal that aligns with Tidyco’s values and future aspirations.

“Achieving a pre-Budget completion was important for James, and we’re pleased we could deliver this. We wish James and everyone at Tidyco continued success under Indutrade’s ownership.”

Martyn Brierley, head of corporate & finance at Flint Bishop, said: “The legal process was completed within a tight three-week timescale, which included a pre-sale re-organisation.

“We worked tirelessly night and day to see this transaction was closed ahead of the budget, saving the shareholders a significant sum given the following increases to capital gains tax.

“The acquisition not only highlights Tidyco’s strong market position but also aligns perfectly with Indutrade’s strategic vision for growth and innovation in the rail sector. We are proud to have facilitated a smooth but accelerated transaction that sets the stage for Tidyco’s continued success under Indutrade’s ownership.”