T4 VIEWED AS IDEAL ACQUISITION FOR SWISS AUTOMATION GROUP - KBS Corporate

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T4 VIEWED AS IDEAL ACQUISITION FOR SWISS AUTOMATION GROUP

KBS Corporate has found the ideal buyer for T4 Mechanical and Electrical Ltd in a Swiss group seeking to expand its UK presence.

Based in Redhill, Surrey, T4 is among three companies under the same umbrella that have been sold to Sauter Automation, the others being Lidex Control Systems Ltd and React 4 Group Ltd.

T4 was established in 2007 and offers mechanical and electrical services, also incorporating design and maintenance, to the buildings services sector across London and the south of England.

Lidex develops and installs energy management systems and controls, while fire and security expert React 4 delivers smoke ventilation systems, sprinklers and wet and dry risers.

By enlisting the help of KBS Corporate, with Joe Norris, Associate Corporate Director, overseeing the transaction, the T4 shareholders were keen to remain involved with the business and to realise capital, while also benefiting from future growth resulting from the outside investment and synergies with the acquirer.

Sara Fletcher, Senior Document Writer at KBS Corporate, reflected on the marketing process for T4: “The wealth of information provided by the shareholders allowed us to produce detailed documentation that reflected the company’s multi-disciplinary approach and proceed with the marketing process in a prompt manner.”

Step forward Sauter Automation, a Basel-based buildings technology group with subsidiaries across Europe. The offer for T4 came via its UK subsidiary, which wasted no time in making its intentions clear.

Joe Norris explained: “Sauter moved quickly, and the offer was the first and only one because it was accepted. The company wasn’t on the market very long before Sauter made an offer for the three companies.

“The buyer wished to expand its footprint in the UK as well as bring additional capabilities in-house. The valuation was in line with our client’s expectations – a large trade buyer was their preference and we managed to achieve this.

“T4, Lidex and React 4 will benefit from additional investment and overlapping synergies within the wider Sauter group of companies, while Sauter will drastically increase its presence in the UK.

“Our clients will remain with the business for a period of years following completion to oversee and benefit from the future growth of the business within the Sauter Group.”

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