Leathes Prior advise owners of Chell Instruments Ltd in sale to SDI Group
Leathes Prior Partner, Paul Warman advises Chell Instruments Ltd in sale to SDI Group.
Chell Instruments Ltd, based in North Walsham, specialises in the design, manufacture and calibration of pressure, vacuum and gas flow measurement instruments for a variety of sectors including aerospace, vehicle aerodynamics, gas and steam turbine testing and power generation industries. The company was founded by Ron and Judith Mitchell in 1976 and has built up, through targeted investment in its people and systems, significant technological knowhow and unique manufacturing and testing capabilities.
The company has been led, since 2001, by Managing Director, Nick Broadley who said “This is an exciting time for Chell Instruments. SDI as an owner has a good understanding of the way Chell exploits its niche markets and how to grow them further. We look forward to working with SDI and taking Chell forward.” (https://www.pemcf.com/news/sale-of-leading-instrumentation-business/)
SDI Group, which designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications, has said “Chell Instruments is another step in our Group growth strategy. It is a complementary fit providing potential areas for growth. The acquisition is in line with our previously announced strategy of organic and acquisitive growth and is expected to be earnings enhancing in its first full year of ownership."
Paul Warman, Partner in the Corporate and Commercial Team at Leathes Prior commented “It has been a pleasure acting for Chell Instruments Limited since 1992 and now to assist Ron and Nick in getting this deal over the line. We wish both of them and the Company the very best for the future."
Philip Olagunju and Lake Falconer from PEM Corporate Finance provided lead corporate advice to the Sellers.
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