KBS Corporate Advises on the Acquisition of Tyneside Standards Limited
Tyneside Standards Limited is a specialist provider of calibration, inspection, and repair services. The company has achieved steady, organic growth, increased its regional market share and pursued expansion opportunities across multiple sectors.
Having built up the business over the course of 23 years, the shareholders Harry Thompson and John Wood, instructed KBS Corporate with the sale of their business.
KBS Corporate implemented an international research approach which resulted in 34 interested parties which generated a competitive bidding process. The ultimate offer came from WIKA Instruments Ltd, which has an international presence. The acquisition is part of the company’s growth plan which mirrors the American branch of the company which has previously acquired ASL and Hirschmann MCS.
Alex Phillips, Corporate Deal Executive at KBS Corporate, advised Tyneside Standards Limited and commented: “It was a pleasure to advise the shareholders of Tyneside Standards Limited, on their successful sale to WIKA Instruments Ltd. I’m positive the transaction will be a resounding success for both parties, and wish them all the best for the future.”