EYES ON THE PRIZE FOR GT VISION FOUNDERS IN SUCCESSFUL COMPANY SALE
KBS Corporate has successfully advised on the sale of GT Vision Limited, with Corporate Deal Executive Steve Alcock negotiating a mutually beneficial transaction with Northumbrian Medical Supplies Limited.
GT Vision was founded in 2003 by microscopy enthusiast Robert Town and his fellow directors, quickly launching a high-quality, first-party brand — GX Microscopes.
The business continued to enhance its product portfolio over the years that followed, becoming the largest independent microscope supplier in the UK.
In recent years, GT Vision has focused on its digital microscope offering while investing in its online capabilities to evolve with the industry.
Managing Director Robert Town instructed KBS Corporate on the company sale as part of his wider retirement plans.
Robert commended KBS Corporate on its sales approach, highlighting the strength of its established network of buyers.
“KBS Corporate was most successful in marketing our scientific instruments business and almost immediately found potential buyers,” said Robert.
“The team is highly professional, always available and knowledgeable. Consequently, KBS Corporate assisted us hugely with the process, which included participating in meetings with possible acquirers.”
Northumbrian Medical Supplies was the eventual buyer, enhancing its current product division for the benefit of key markets in the healthcare, education and research industries.
The acquisition of GT Vision forms part of Northumbrian Medial Supplies’ wider acquisition strategy, allowing the business to diversify its core solutions and increase its customer reach.
“The conclusion of it all was a successful sale that would have been a great deal more stressful without KBS Corporate’s help and we achieved a value much higher than we initially anticipated,” added Robert.
Pleased with the outcome, Steve Alcock added: “The final deal exceeded Robert’s expectations and we were able to agree upon a suitable sales structure that will look after the current workforce and allow GT Vision to grow.”