Bluebox Corporate Finance is delighted to announce the sale of ICS Robotics and Automation Limited (“ICS”), one of the UK’s leading robotic welding and automation specialists, to AWL-Techniek (“AWL”), a system integrator of high end automatic welding equipment. Pricing and other deal terms have not been disclosed.
Founded in 1989, the success of ICS has been built on a reputation for technical excellence and an ability to provide robust and creative robotic automation solutions to increase productivity and performance.
The acquisition by Netherlands based AWL will allow the ICS business to accelerate its growth plans and enhance technical capabilities, whilst retaining the same culture and ethos, and provide AWL with access to the UK market and to key OEMs and suppliers.
Beverly Templeman, Co-Founder of ICS, said: “We are very pleased with the outcome of the deal, and thank Bluebox for their help in finding AWL as an excellent partner, and then delivering a successful deal. The advice offered by Bluebox was invaluable to us as shareholders, and they helped to ensure that the deal completed was a good one for all parties.
We would have no hesitation in recommending Bluebox to other business owners contemplating a sale over the next couple of years. We found their Blue Diamond programme invaluable in ensuring deliverability of the transaction, whilst their advice, experience and commitment to us, as clients, was excellent.”
Nick Wallis, Associate Director at Bluebox, added: “We are delighted to have delivered a great deal for the shareholders of ICS. The identification of AWL as a partner for ICS has again demonstrated our exceptional reach to international buyers. We believe that AWL represent an excellent partner for the business, and are confident that ICS will continue to grow as part of a global organisation. We wish Beverly, Martin and the team at AWL every success with the exciting journey that they have just begun.”