Bluebox is delighted to announce its third completed transaction in 2 months with the sale of Impact Air Systems and Impact Technical Services (“Impact”), the UK’s leading air system specialists, to Swedish-listed Addtech AB. Pricing and other deal terms have not been disclosed.
Working in some of the world’s most modern production facilities and recycling plants, and renowned for its service quality and engineering knowhow, Impact offers waste and trim extraction and separation solutions to blue-chip customers from a variety of industries. The company also provides service and maintenance of waste extraction systems and the design, installation and testing of local exhaust ventilation (“LEV”) systems.
With turnover in excess of £1bn and over 3,000 employees, Addtech consists of over 130 businesses in 30 countries and operates in selected niche markets with high tech products and solutions. Impact will sit within Addtech Industrial Process, the largest business area in the Addtech Group, which is focused on improving clients’ industrial operations. “With Impact we continue to focus on and develop our offering of sustainable solutions to our customers”, says Addtech’s CEO Niklas Stenberg.
Nick Ball, Managing Director and shareholder, commented:
“As a leader in the UK market, our objective from the start was to identify a long-term partner for Impact who could support the next stage of growth and development of our business. Introduced to Bluebox by a former client of theirs, we were blown away by Bluebox’s ability to identify such a broad range of suitable parties and ultimately secure a perfect deal with Addtech who represent the most ideal partner for the Impact business moving forward. Their experience throughout the transaction was second to none and they managed the transaction from start to finish with an incredible level of support and guidance along the way. We couldn’t recommend the team highly enough and were appreciative of all their efforts.”
Jonathan Rich, Director at Bluebox added:
“It was a great pleasure working with husband-and-wife team Nick and Vicky from the outset. Our engagement started at an early stage with our Blue Diamond pre-sale planning programme and culminated with a sale to Addtech on terms that exceeded all expectations. As long-term owners, Addtech share the same values as Impact and accordingly represent the perfect partner to further develop the business and accelerate its growth. The future for Impact is extremely exciting under Addtech’s ownership and we wish Nick, Vicky and the team every success.”