KBS Corporate Advise on Sale of V.C.E Limited
A Lanarkshire based specialist valve refurbishments and industrial boiler maintenance company has been acquired by Spirax-Sarco Engineering plc.
The multi-national engineering group, who employs more than 1,300 dedicated industry engineers in over 100 countries, has acquired V.C.E Limited for an undisclosed sum
V.C.E offers Valve Refurbishment associated with industrial steam, boiler maintenance, pressure testing, valve reconditioning and materials supply.
The company was established in 1989 and has since formed partnerships with high profile companies such as Michelin Tyres, Balfour Beatty and GlaxoSmithKline.
Headquartered in Cheltenham, Spirax-Sarco Engineering comprises two leading engineering businesses: Spirax Sarco for steam specialities and Watson-Marlow for niche peristaltic pumps and associated fluid path technologies.
The group operates across a variety of industries, offering environmentally friendly solutions for energy and water savings, process efficiency, product quality and improvements in plant health, safety and regulatory compliance.
Outgoing shareholder and director, Stephen Jack, will remain within the company in his current capacity for a minimum of two years to ensure a smooth transition.
Guy Haynes, Senior Deal Executive at KBS Corporate who advised V.C.E in this transaction, said “It was a pleasure to work with our clients in achieving a deal for the company. The synergy between the two companies is evident and I believe that V.C.E is in an excellent position to build on their success under the guidance of Spirax-Sarco.”