Equipment manufacturer snapped up in cross-border deal

Bromsgrove-based IPP Group has been acquired by Swedish technology and industrial group Indutrade.

Founded in 1976, IPP operates from Bromsgrove and Cork, Ireland, supplying manufacturing equipment and consumables to the pharmaceutical, medical device and electronics sectors.

The financial terms were not disclosed, and the deal is still awaiting regulatory approval.

Indutrade is a global industrial group made up of over 200 companies, focusing on high-tech products and solutions designed to improve operational efficiency.

Jack Daly, MD of IPP said: “IPP has grown significantly in recent years, based on a foundation of putting the customer at the forefront of the business model whilst supplying innovative solutions. This transaction marks the next step in IPP’s journey, and I look forward to working with Indutrade to continue our growth. The team at Heligan were hands-on throughout the process and I’m grateful for their guidance and positive approach.”

M&A advisors Matt Croker and Eleanor Smith from Birmingham’s Heligan Corporate Finance advised on the transaction.

Croker said: “It has been a pleasure to work with Jack and the team on this transaction. Being part of Indutrade is another step forward for IPP in what has been an impressive few years of growth. It has been an enjoyable transaction to be part of and aided by the collaborative approach taken by both IPP and Indutrade.”