SR Antenna Systems sold to STS Defence
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KBS Corporate, one of the UK’s leading business brokers, has successfully advised on the sale of Hampshire based, SR Antenna Systems.
SR Antenna Systems, who design and manufacture antennas, RF distribution systems and other communication systems, was sold to STS Defence in February.
At the forefront of Polemast design for the Royal Navy and export programmes, the company has produced masts for the LPD(R) landing ships and the Type 45 destroyers as well as other smaller installations.
S R Antenna Systems pursued KBS Corporate’s Test the Market approach, a service allowing you to assess the level of interest that your company would attract from prospective purchasers and indicate how much it might be worth, should you decide to commit to selling a business.
Test the Market allows business owners to make an educated decision as to whether selling their business is in their best interests.
The UK-wide brokerage firm were able to target a variety of prospective buyers using their global alliance network and specialist global research capabilities.
An offer was agreed with STS Defence, Part of the Key Technologies Group, who provides electronic manufacturing and through-life engineering services from the design, integration and installation of systems and logistic support for satellite communications to safety management, training and nuclear engineering consultancy.
Ryan Bilsborough, Deal Executive at KBS Corporate, said: “I’m pleased that SR Antenna Systems received a successful outcome and this is a great opportunity for STS Defence to expand the business. “I’m delighted to have been involved in the acquisition and wish both parties the best of luck for the future.”