KBS Corporate Completes Sale of The CDT Group
The CDT Group is the holding company for Custom Design Technologies Limited and MDH Wireless Technologies, which collectively provide design, development, and manufacturing services for plastic enclosures and associated electronic components, as well as alarm systems. The company has established a prominent position within its sector and is held in high regard for the quality and reliability of its offering, which has ensured the longevity and strength of its client base.
Having built up the business over the course of 35 years, the shareholder of The CDT Group approached KBS Corporate with the sale of their business to enable their retirement plans.
The CDT Group attracted 25 interested parties, the vast majority of whom came from UK trade. DiscoverIE Group plc, a constituent of the London Stock Exchange FTSE 250 index produced the successful offer. The acquisition will enable the company to expand its geographic footprint and market offerings.
The CDT Group was advised by Tom Eatough, Corporate Director, and Alex Medwecki, Corporate Deal Executive at KBS Corporate.
Nick Jefferies, Group Chief Executive of discoverIE, said:
“The acquisition of the CDT group continues our strategy of building a high quality, higher margin international group that designs and manufactures customised electronics. CDT will be integrated with our existing Contour business enabling more complex and integrated designs as well as providing CDT with access to our wider base of customers and with it, new sales opportunities. We are delighted to welcome CDT and its employees into the Group.
With a clear strategy focused on long-term, high quality growth markets, a diversified customer base, a strong pipeline of acquisition opportunities, the Group is well positioned to make further progress on its key priorities.”