Thu, 30 Nov 2023 | MBO/MBI
Datalink Electronics, a Loughborough-based electronics manufacturer, has undergone a management buyout (MBO), in a deal supported by KBS Corporate. The MBO was led by Managing Director Mariam Smith and follows a sale process orchestrated by KBS after the company’s two shareholders, Eric Luckwell and Ian Wilson, decided to retire.
Established in 1983, Datalink Electronics provides an array of integrated design and production services for a customer base that spans multinational listed companies and start-up businesses. The firm provides a full range of electronic product design services, spanning from concept, prototyping and manufacturing to logistics.
The company has 438 customers and says that, since its founding in 1983, it has placed 20.2 million components and completed 18,382 orders.
In a statement, the company said: "Having effectively run the company for the past 12 months, Mariam emphasises the infusion of new talent, machinery and a streamlined structure.”
"The MBO brings more autonomy, allowing Datalink to focus on key areas such as talent acquisition and investment in equipment. This new-found independence is set to redefine the company’s strategic direction, creating a dynamic and responsive organisation.”
"The post-buyout strategy includes exploring new partnerships and collaborations that align with Datalink's growth objectives, reinforcing the company's commitment to innovation and excellence in electronic design and manufacturing."
KBS Corporate Associate Director Fabio Rambelli, who oversaw the transaction, stated that Smith has had “a very active management role and was gradually taking over an increasing number of responsibilities, which meant she was the perfect person to sell the business to.”
Mariam Smith said that her leadership was focused on “a passion for innovation, a commitment to fostering a positive work culture, and an unwavering belief in the transformative power of a dedicated team”, adding that the essence of the company’s ongoing success would be linked to both strategic decisions and "the shared values that define the company and drive it towards a collective vision of growth and impact."
Read about the factors that have driven the increasing popularity of MBOs over recent years
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