We could not have got through the process of selling our business without the amazing support, patience and professional diligence of all of our advisors. The team at Provantage were amazing throughout. Clearly, they have the Corporate Finance skills necessary to lead on a transaction like this but more importantly, Provantage’s ability to understand the business they are selling, lead on the interaction with Halma plc and coordinate this project was a key element of getting this deal done successfully. Provantage also managed to keep us all focused on the right priorities, and calm, during what is a very stressful experience. I would personally recommend Provantage if you are ever thinking about selling your business
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Provantage is proud to advise the shareholders of Ramtech Electronics, an innovative wireless technology solutions business, on its sale to Halma plc, a global group of life-saving technology companies.
Project: Ramtech Electronics
Sector: TMT
Deal Value: Undisclosed
Buyer: Halma plc
Ramtech has a track record of delivering industry-leading wireless communication solutions for over 30 years to the construction, industrial and leisure sectors with their products used across almost 30 countries worldwide. Based in Nottingham, Ramtech turns over £10 million annually, employs 65 people and is rapidly expanding in terms of the products and services it offers.
Halma is a global group of life-saving technology companies whose purpose is to grow a safer, cleaner healthier future for everyone, every day. Ramtech will join a number of companies in the safety and fire detection markets that are part of the FTSE 100 company’s portfolio.
Andy Hicks, MD will remain in his current role supported by the existing Board of Directors. The business has an ambitious growth strategy and the investment from Halma plc will help accelerate expansion into new territories alongside supporting its already successful organic growth.
Andy Hicks, MD of Ramtech said ”We are delighted to have become part of the Halma group of companies. It is never an easy decision to sell the business that you have owned for nearly 16 years and particularly a business with real long term potential. However, it was also important to recognise that Ramtech would be better placed to achieve its longer-term goals within the Halma business.”
Amanda Betts, Provantage Corporate Finance, commented: “We are privileged to have had the opportunity to work with and support the shareholders of Ramtech on this important transaction. The business has gone from strength to strength and we are excited to see the continued success of Ramtech with Halma Plc.”
Andy Shepherd, Provantage Corporate Finance, commented: “It’s been a pleasure to work alongside the shareholders’ of Ramtech on this transaction. Halma Plc is a fitting home for what is a truly exciting business and we look forward to seeing the continued success that Ramtech and Halma Plc will experience in the future”