43 cross-border industrials deals in six months according to research by Clearwater

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Deal activity in the industrials sector has experienced rapid growth in the last six months, with 43 cross-border deals totalling £2.293 billion, according to research by Clearwater Corporate Finance.

The announcement comes as the Global Manufacturing Festival is taking place in Sheffield, reaffirming the UK’s position as a global leader in advanced engineering and manufacturing innovation.

In the last 12 months, Clearwater has seen a 30 per cent increase in the number of cross-border transactions involving UK industrials companies, compared with last year. The UK possesses a wealth of manufacturing expertise and is a key player in the aerospace, transport and defence sectors.

Clearwater has seen a growing interest from overseas companies, particularly in the aerospace industry. The BRIC economies’ increasing spending power is generating growing demand for air travel and these countries are looking to harness the UK’s expertise in growing the aerospace sector.

Clearwater has recently advised Tritech Group Limited  (“Tritech”), a manufacturer of complex investment castings, on its cross-border sale to Uni Deritend Limited (“UDL”), part of the Neterwala Group of companies and India’s largest manufacturer of air-melt investment castings.

Constantine Biller, director at Clearwater Corporate Finance, said: “Over 50 per cent of Clearwater’s UK-led M&A transactions are cross-border. There is evidence of the growing interest being shown in the UK manufacturing industry from overseas and we expect this trend to continue as businesses position themselves as a nearshore farshore provider of solutions based on technology and cost.”