KAMIC Group AB has acquired all the shares in Distec Ltd, a company based in Manchester, England. The sellers are the company’s Founders - Noel Sheppard and Adrian Swindells with their families.
Distec Ltd was founded in 1992 and over the years has built a strong reputation and extensive expertise in industrial, medical, and digital technology solutions. The company represents a number of world pioneering manufacturers such as ELO, Nexcom, CKS, Wincomm, Siemens, and others, and offers total solutions including support to customers in many different sectors in the local British market. Distec has nine employees and annual sales of about SEK 45 million.
KAMIC Group acquires Distec Ltd
“Distec is a well-run company with a fine history and is a highly-regarded supplier in its product niche. KAMIC Group is already established in the UK with a number of successful technology companies, so Distec fits nicely into our group where we can offer organizational support, contacts and expertise for continued development and expansion,” says Fredrik Celsing, President and CEO of KAMIC Group.
The previous Owner and Managing Director of Distec, Noel Sheppard, will continue to have a pioneering position in the company which from now on will be part of KAMIC Group’s Electronics business area.
Noel Sheppard comments on the deal: “This sale to KAMIC Group makes Distec Ltd part of a larger group which will provide support and opportunities which strengthen conditions for a continued positive development for the company and our employees.”