Bluebox advises on sale of Global Automatics

Bluebox Managing Partner Paul Arora advises
Global Automatics on its sale to
agta record Group.

Bluebox is pleased to announce the sale of Hemel Hempstead-based Global Automatics to agta record Group. Global, owned by Derek Thomas, has been trading since 2007 successfully designing, manufacturing and distributing automatic door operators and related accessories. Derek Thomas will be remaining with the business following its disposal and will continue to lead the business.

The acquisition will allow Global to increase its service offering, benefitting from both the technical and commercial back up of an international group with an excellent range of products. The Switzerland-based agta record Group is one of the world leaders in automatic door systems, with a consolidated turnover of €290 million and a market capitalisation exceeding €600 million.

Derek Thomas, founder and former owner of Global Automatics commented:

“Having now joined forces with agta record I will be able to grow the services we can offer to our customers with both the technical and commercial back-up of an international group with an excellent range of products. I now appreciate all the effort required to undertake a sale process and thank Paul Arora for his experience and professionalism in guiding us through to a successful conclusion”.

Paul Arora, Managing Partner of Bluebox who led the transaction commented:

“After an extensive process, I am pleased that we have completed a deal where there are significant immediate benefits and future opportunities for both parties arising from the transaction. Global will benefit from the support of a market leader whilst agta record now have a footprint in a new segment of the industry”.

Deal value is undisclosed.

GA

 


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