KBS Corporate Advises on the Acquisition of a Well-Established Manufacturing Group - KBS

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KBS Corporate Advises on the Acquisition of a Well-Established Manufacturing Group

KBS Corporate Advises on the Acquisition of a Well-Established Manufacturing Group

Veljan Denison Limited has completed the acquisition of the Adan Group in an impressive deal that will enable the expansion of both companies. The Group consists of Adan Limited, Adan Holdings Limited and Hydraulic & Mechanical Services (Boston). The Adan Group has an excellent reputation as the manufacturer of hydraulic motors, reduction units, brakes, and ancillary products such as spur and epicyclic gearboxes.

The shareholders of the Group initially approached KBS Corporate to assist in their retirement plans.

The opportunity attracted 39 interested parties which led to two competing offers. The successful offer came from Indian-based trade buyer Veljan Denison Limited. The acquisition will enable Veljan Denison Limited to strengthen its position in the European market.

Post-completion the current shareholders will enable a handover period to ensure the continued success of the Group, over the next three years.

Luke Rae, Corporate Deal Executive at KBS Corporate, advised the Group and commented: “The Group presented a fantastic opportunity for a well-established international business, such as Veljan Denison Limited, to establish a foothold in the UK market. I wish both the companies all the best for the future.”

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