Colmworth Electronics Ltd, based in St Neots, Cambridgeshire, has sold to Cyclops Electronics Ltd in a deal facilitated by Altius Corporate Finance.
Established in 1991, Colmworth Electronics Ltd offer supply chain and inventory management for Original Equipment Manufacturers. Having operated for over 30 years, the business has successfully built long-standing relationships with a number of blue-chip clients, including the aerospace, motion and control industries. Providing vendor managed inventory services using the Kanban and Just in Time systems, the business offers supply-only services to clients, aiming to maximise the profitability and efficiency of the electronics industry.
Following our clients’ retirement, Sales Negotiator Jonathan McElhinney identified an ideal buyer in Cyclops Electronics Ltd, completing the sale just eight months after presenting the business to the market. Operating since 1990, the York-based electronics business is part of the global Cyclops Group, a prominent figure in the global electronic components sector specialising in the procurement and supply of premium electronic components. Aiming to transform electronic component procurement into a seamless, reliable and efficient process for their customers, Colmworth Electronics signified a suitable acquisition that fit with their values of quality excellence, reliability and community.
Jonathan commented on the sale:
“Both our clients and Cyclops Electronics were a pleasure to deal with throughout the transaction. To complete within just six weeks after signing Heads of Terms was a challenging process and required a great deal of effort and communication from both parties to ensure a successful outcome prior to the Autumn Budget. I would like to wish our clients all the best in their well-deserved retirement, and Cyclops Electronics the best of luck for the future.”
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