Leeds tech manufacturers swallowed up by Scottish firm
Specialist Leeds manufacturer Saftronics has been snapped up by Scottish engineering and manufacturing contractor Ross-shire Engineering (RSE) in a seven-figure deal.
£60m-turnover RSE is part of the Envoy & Partners group, a demerged company which was developed from the splitting of Roy McGregor’s £290m-turnover Global Energy Group in April.
It has bought Saftronics, which was founded in 1979 and now employs 110 in Leeds. The company specialises in process control systems and LV switchboards for industrial applications.
It has a 25,833 sq ft purpose-built design, manufacturing and testing facility on Pearson Street In Leeds.
The acquisition marks further growth into England for RSE, as they look to develop their position as an mechanical, electrical, instrumentation, controls and automation (MEICA) contractor to utilities companies across the UK.
The deal will see RSE take up a majority equity share in the business whilst retaining the key skills of the Saftronics management team.
Saftronics managing director, Mark Godfrey, commented on the deal: “We are thrilled to become part of the RSE group.
“Having worked very closely with RSE for many years, the integration represents a truly great fit for Saftronics and will enable both RSE and ourselves to provide a much more enhanced offering to our customers than ever before.”
RSE managing director, Allan Dallas, commented:“We are delighted to welcome Saftronics into the RSE group of businesses.
“We have worked extensively with the company and staff over a number of years and they will complement our services and growth strategy. Their focus on quality and innovation are a natural fit to what RSE are about as a company.”