IMV Europe Limited, part of Osaka based IMV Corporation, which manufactures nice and vibration test equipment, has simultaneously acquired two businesses, £2.1m turnover Vibratech and £2.4m turnover CVMSL with advice from BTG Advisory’s Martin Kennedy.
Based in Hertfordshire, Vibratech is a specialist in the maintenance and repair of vibration test systems; while CVMSL provides vibration service repair, installation, refurbishment, and vibration and mechanical test systems. These two service organisations will be merged into a new company called 1g Dynamics which will benefit from the development and investment provided by IMV to create a world leading independent vibration service business.
Martin Kennedy negotiated and agreed Heads of Terms with each target and then assisted IMV Europe and their lawyers in delivering the acquisitions simultaneously.
“Advising on these two acquisitions has been a great opportunity to work with a renowned global organisation. The new businesses are a perfect fit, strengthening IMV’s growth strategy going forward, particularly in Asian countries where they see huge potential for expansion.
“Having worked with John Goodfellow for many years, we respect his strategic business planning skills and have been pleased to support him once again. It has also been a very interesting and rewarding experience to work with members of the Japanese parent company and their advisers in ensuring that the acquisition met with all their requirements.” – Martin Kennedy, BTG Advisory.