KBS Corporate advise on the acquisition of Scottish based GM Instruments Ltd
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KBS Corporate has successfully completed a deal for Glasgow based manufacturer of medical electronic instruments GM Instruments Ltd, who were acquired by trade buyers Health-Care Equipment and Supplies Co Ltd (HCE) in July 2013 for an undisclosed sum.
GM Instruments was established in 1992 and offers the manufacture and supply of a diverse range of ENT (ORL) electronic medical instruments including Nasal Measurement Instrumentation, Screening Audiometers and accessories and Respiratory Flowheads, in addition to calibration and support facilities. This highly regarded business has an elevated position within its niche marketplace and offered a new owner vast scope for development with increased levels of investment.
The acquisition of GM Instruments is an important strategic milestone for HCE, who are recognised as one of the UK’s leading distributors of medical/ orthopaedic supplies and equipment and pharmaceuticals, with an annual turnover of £5 million. HCE had a history with GM Instruments having bought products from them previously and so immediately saw ways in which the two companies could be integrated. Our client will continue to run the business throughout a 12 month handover period, allowing smooth assimilation of customer and supplier contracts.
Neil Leach, Corporate Manager at KBS Corporate who advised GM Instruments said “The fit between these two trade buyers was obvious from all sides right from the start. I am delighted that a deal could be reached for our client that will allow him a phased exit towards retirement, whilst in the knowledge that the company he has worked so hard to successfully build over the last twenty years will have an optimistic future. I wish all parties the best of luck for the future.”