Clarke Willmott has advised on the sale of corrosion testing specialist Ascott Analytical Equipment Limited to a major German manufacturer of complementary products.
The law firm, whose headquarters are in Bristol, acted on behalf of sellers Varium Limited, represented by majority shareholder Chris Gates and the management team.
Ascott who are based in Tamworth, Staffordshire-based specialises in the production and sale of corrosion testing equipment that is used to test equipment in the airline and automotive industry.
The Purchaser is the world's largest manufacturer of environmental testing equipment.
Kim Klahn, Corporate Partner - Clarke Willmott
“Growing this company was at the heart of this transaction,” said Clarke Willmott corporate partner, Kim Klahn.
“All of the sellers will continue to be involved with Ascott Analytical Equipment and work with the new owners to take the company into its next phase of growth.
“There are very exciting times ahead for this company.”
Ascott, which was established 30 years ago, and is based on the Lichfield Industrial Estate in Tamworth, exports to 100 countries around the world.
“Both Kim and solicitor Raksha Aggarwal went above and beyond to get this deal over the line and completely understood our objective,” said Chris Gates.
“They remained professional and conscientious throughout.”
“The deal offers huge potential growth that will continue to strengthen our position as a world leader in corrosion testing equipment and create significant opportunities for both brands.”
All worldwide offices and jobs will be retained following the acquisition.
Clarke Willmott is a national law firm with offices in Birmingham, Bristol, Cardiff, London, Manchester, Southampton, and Taunton.
For more information visit www.clarkewillmott.com
