Leading Swedish-listed technology group, Sdiptech, has acquired Temperature Electronics and TEL UK, specialists in design and manufacture of electronic airflow monitors and controls.
TEL has over 50 years of experience and has an annual turnover of £5.2m. The acquisition by Sdiptech is their tenth business in the UK and will further strengthen their presence in the UK.
Paul Cliff, partner, who led on the deal, supported by solicitor, Rachel Cox, and members of the wider Gateley team, said: “We have supported Sdiptech on a number of their UK acquisitions and we are delighted to have been able to advise them on this deal that provides them with further growth in the UK.”