Shakespeare Martineau advises Leicester-based manufacturer during milestone acquisition
Our corporate team has supported Thermal Exchange, designer and manufacturer of cooling and temperature control equipment, during its acquisition by Scientific Digital Imaging plc in a transaction worth up to £1.5 million.
The Leicester-based company provides temperature control, heat transfer and refrigeration solutions across multiple industries. Jaguar Land Rover and the University of Cambridge are just a couple of examples of the great businesses that Thermal Exchange has worked with since it was established in 1982.
Scientific Digital Imaging plc, who purchased the company, manufacture and design products used in the life sciences, healthcare, astronomy, consumer manufacturing and art conservation sectors.
Our team supported Thermal Exchange on the legal aspects of the transaction, giving guidance throughout the process.
Lisa Botterill, corporate partner, said: “This sale is an amazing opportunity for Thermal Exchange. It will enable the business to continue its development and increase its market presence and customer base. The acquisition has proven the high quality of Thermal Exchange’s work through attracting such a prominent buyer. We are confident that this move will allow the company to further its success in the future.
“This is not the first time we have worked with the owners of Thermal Exchange and it’s exciting to see it – and other East Midland’s businesses – succeeding at both national and international levels.”
Pat Byrne at Thermal Exchange, said: “Becoming part of Scientific Digital Imaging plc’s portfolio of companies is a milestone moment for us. The company’s ethos fits perfectly with our own and focuses on providing the best quality products and services to a range of innovative companies. The support we have had from Shakespeare Martineau throughout the process has been second-to-none and help and guidance has been available at every stage.”