Tue, 28 Feb 2012 | DIVISION SALE
Leicestershire-based LMW Electronics has sold part of its business to global security firm Digital Barrier and, in doing so, has effectively saved 15 jobs.
The £450,000 deal involved the transferral of LMW’s designs for its surveillance manufacturing operations to Digital Barrier. Andy Breeze and Micky Johal, accountants at RSM Tenon, acted as advisers on the sale.
The sale was motivated by a fall in orders from the Government. Post-sale, LMW is to continue to make and maintain surveillance equipment for Digital Barriers.
Owner and chairman of LMW Chris Smith said the deal has helped to secure 15 jobs, and that: “It’s a great opportunity for us. What might have started out as a full acquisition has ended up as a partial acquisition.”
“We are still manufacturing the products for Digital Barriers, but there is now the capacity for new sales being much better because the work is dovetailed into a larger company with a larger salesforce,” he told This is Leicestershire.
Established 27 years ago, LMW began by designing electronics for the amateur radio market. It has gone on to achieve sales of £1.5 million for 2010.
London-headquartered, Digital Barriers was set up in 2009 to provide surveillance technology to the international homeland security and defence markets. It also has many offices around the world.
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.