Clearwater Corporate Finance has advised a leading UK fire safety engineering firm on its acquisition by a French group which specialises in full services fire detection and extinguishing businesses.
The British firm, which is headquartered in Surrey, manufactures and maintains fire safety equipment to create a secure working environment for its clients. The company recorded turnover of £6million in the year-end March 2013 and employs 50 staff across the UK.
The main activities of the French group include the design, supply, installation, commissioning and servicing of a range of fire detection and fire extinguishing systems. It is active in over 30 countries worldwide, spanning Europe, Africa, the Middle East and Asia.
The acquisition will provide the France-based business with a foothold in the UK market, enabling the group to continue its European and global expansion.
A representative of the British firm said: “This is a fantastic group of companies that implement and maintain fire detection projects on a global scale. Clearwater has done an excellent job in finding a buyer that could take on our nationwide customer base, without any disruption to the level of services. We are really looking forward to being part of the wider group and continuing to work with the company.”