Acquisition sees group seize more territory in electronics supply chain sector
North Yorkshire-based Easby Group, a specialist electronics company, has acquired Matrix Electronics, an electronics kitting and supply chain solutions provider.
The deal was completed by the group’s subsidiary business, Delta Impact, and is a milestone in Easby Group’s strategy of becoming the independent technical distribution partner of choice, for a full range of added value services across electronics supply chains.
Delta Impact and Matrix Electronics both provide services to electronics OEM and EMS/CEM customers.
The enlarged, combined business is intended to bring extra scale, expertise and service capabilities. It will include a new office in Newbury along with the imminent opening of a warehouse & logistics hub in Thatcham, as well as continued investment in both people and facilities.
Delta Impact MD, Eamon Francis, said: “This is a significant step in our goal to be the electronics industry leader in kitting and tailored solutions that help customers optimise their electronics supply chain performance.
“On a personal level, I am pleased to be welcoming David Piddington, Delta Impact’s founder, back into the business.”
Matrix Electronics MD, David Piddington, said: “We are thrilled to be joining the Easby family. The Matrix and Delta Impact businesses are highly complementary and the merger of skills, knowledge and shared values in our new combined facilities will take us to new heights and create the next chapter in our growth story.”
Easby Group chairman, Jonathan Simpson-Dent, added: “We are excited to bring together two dynamic and focused businesses under Eamon and David’s joint stewardship.
“This is an important step on our journey to expand Easby Group into a real market leader in electronics supply chain solutions.”
Advisors on the deal were: Legals: Womble Bond Dickinson – Ben Butler, Oliver Rickett, Paul Armstrong and Bede Finnigan. Financial Due Diligence: Crowe – Bob Alsop, Edward Elliot and Ben Allday. Commercial Due Diligence: Graph Strategy – James Tetherton.