News: ComAp Systems in MBO
Rotherham based power solutions business ComAp Systems has been acquired by its managers in a buy-out from Czech parent company ComAp AS.
Based at Manvers, ComAp Systems Ltd specialise in creating control solutions for power generators, such as Combined Heat and Power (CHP) and complex diesel installations. Now renamed Applied Power Engineering Limited, it provides power generation control products and consultancy services to blue chip corporates such as Nationwide Building Society, National Grid, Severn Trent, and Cable and Wireless.
In 2011, the company expanded into new 6,500 sq ft premises at Adwick Park.
Darren Bailey, managing director of Applied Power Engineering Limited, said: "Following almost 12 years of success as ComAp's original systems company we are delighted to have been able to acquire the business. We have a new name, but the same focus, people, and expertise."
Grant Howard of Burgis & Bullock Corporate Finance led and managed the deal and he added: "Independence gives the business the ability to provide an even wider range of solutions, products and services to its customers, enabling it to work on the most complex and demanding power generation systems."
Sandra Chrichton and Magda Dyson of Huddersfield based Eaton Smith LLP acted as legal advisers to the management team. Laurence Applegate of London based Hierons LLP acted for ComAp AS.
The deal value was not disclosed.
ComAP Systems website
Images: ComAP Systems
Based at Manvers, ComAp Systems Ltd specialise in creating control solutions for power generators, such as Combined Heat and Power (CHP) and complex diesel installations. Now renamed Applied Power Engineering Limited, it provides power generation control products and consultancy services to blue chip corporates such as Nationwide Building Society, National Grid, Severn Trent, and Cable and Wireless.
In 2011, the company expanded into new 6,500 sq ft premises at Adwick Park.
Darren Bailey, managing director of Applied Power Engineering Limited, said: "Following almost 12 years of success as ComAp's original systems company we are delighted to have been able to acquire the business. We have a new name, but the same focus, people, and expertise."
Grant Howard of Burgis & Bullock Corporate Finance led and managed the deal and he added: "Independence gives the business the ability to provide an even wider range of solutions, products and services to its customers, enabling it to work on the most complex and demanding power generation systems."
Sandra Chrichton and Magda Dyson of Huddersfield based Eaton Smith LLP acted as legal advisers to the management team. Laurence Applegate of London based Hierons LLP acted for ComAp AS.
The deal value was not disclosed.
ComAP Systems website
Images: ComAP Systems
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