Corporate Team Advises on Strategic Hy-Ram Engineering Sale to Swedish Group Uniwater 

Our corporate team has advised the shareholders of Hy-Ram Engineering on the sale of its engineering business to Swedish water infrastructure group Uniwater – representing the Nordic business’ second UK acquisition this year.

Founded in 1976, Nottinghamshire-based Hy-Ram Engineering is a specialist designer, manufacturer and hirer of pipeline equipment, serving the domestic and international gas and water industries. The business employs 56 people and operates from its Mansfield headquarters alongside hire depots in Bury and Enfield.

Duncan James, corporate partner, said: “It has been a pleasure to support the shareholders of Hy-Ram Engineering through this transaction. With the rush to complete various deals prior to the budget, I was really proud of our whole team in bringing this deal together on time.”

The deal provides Hy-Ram with the opportunity to accelerate its growth as part of the wider Uniwater group. Managing director Tim Hallam will continue in his role and the existing management team will remain in place to lead the business through its next phase.

Tim Hallam, managing director at Hy-Ram Engineering, said: “This is a huge milestone for me and my family but, more importantly, it marks a significant moment in the history of Hy-Ram Engineering Co. Ltd. This year, we celebrated 50 years of the company. Together with our team, we’ve built something with a real legacy and that’s something I’m incredibly proud of.

“I genuinely believe Uniwater is a fantastic fit for Hy-Ram – our relationships go back many years and I’m confident we’ve found the right partner to take the business forward. I’m positive I’ve put Hy-Ram into the best possible hands. Both the wider team and I feel very positive about the future, and we’re excited about the opportunities and further potential this partnership can bring.”

The team also included Charley McEvoy and Chloe Hodges (corporate), Hannah Awcock and Shazia Issa (commercial real estate), Huw Witty and Lisa Barouth (tax), Rhys Wyborn and Neelam Powar (employment), and Charlotte Cassells (commercial services).

This content is provided for general informational purposes only and does not constitute legal advice. It is not intended to address the circumstances of any individual or entity, nor should it be relied upon as a substitute for specific advice from a qualified solicitor. The information reflects the legal position as at the date specified and may be subject to change. If you require advice on a specific matter, please contact us directly.