BTG advises on double acquisition
BTG Corporate Finance in Manchester has acted as key adviser in a deal which has seen Hertfordshire companies Vibratech and CVMSL taken over by a IMV Europe – part of Osaka-based IMV corporation.
Martin Kennedy and Jeff Barber from BTG advised on the deals for Vibratch and CVMSL which have turnovers of £2.1m and £2.4m respectively.
Listed on the JASDAQ securities market, IMV Corporation is the world’s leading supplier of high reliability vibration test and measurement systems. IMV Europe’s facilities include a technical centre at Letchworth from where it develops cutting edge test and measurement solutions.
Vibratech is a specialist in the maintenance and repair of vibration test systems, and CVMSL provides vibration service repair, installation, refurbishment, and vibration and mechanical test systems.
Barber said: “Advising on these two acquisitions has been a great opportunity to work with a renowned global organisation. The new businesses are a perfect fit, strengthening IMV’s growth strategy going forward, particularly in Asian countries where they see huge potential for expansion.”
Part of the Begbies Traynor Group, BTG Corporate Finance provides transactional support, valuations and advisory services.