Rockworth Management Partners has advised on the sale of Alphr Technology Ltd. Alphr Technology is a leading designer and manufacturer of customized equipment for manual and automated production lines. Their portfolio extends from simple mechanical Poka-yoke assembly stations to semi-automatic assembly and test stations, robotic manufacturing cells, rotary machines and even fully automated palletized production lines. Customers are primarily in the automotive industry, and 60% of sales are exported.
Indutrade is an international industrial group that sells high-tech products and solutions helping customers to improve their own products as well as streamline their own production processes. In 2015 Indutrade had a turnover of c.12bn SEK.
Indutrade has agreed to acquire all the issued share capital of Alphr Technology, based in Letchworth, along with its wholly owned subsidiary based in Romania. With customers including many of the major OEM’s and Tier 1 suppliers in the automotive industry, the acquisition not only provides an exit for some retiring shareholders, it will also facilitate and accelerate the continued global growth of the Alphr business.
Alphr’s existing management team will remain with the business post completion.
Rockworth acted as Lead Advisor to the shareholders of Alphr Technology, working closely with Kalli Basra, Managing Director, and Richard Dilley, Finance Director, throughout the process.
“Alphr Technology was formed in 1986 to provide assembly and test machines to the automotive sector. Alphr design and manufacture semiautomatic to fully automatic customized equipment for our customers. Customers are primarily in the automotive industry, and 60% are exported.
The company will be part of Indutrade’s Special Products business area. Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade’s business is distinguished by high-tech products for recurring needs; growth through a structured and tried and tested acquisition strategy; and a decentralised organisation characterised by entrepreneurial spirit.
Rockworth was introduced by Richard Dilley of George Hay, the company accountants. Lawrence Price introduced Rockworth and set out what they could achieve for Alphr. The team achieved all the goals set out in the meetings.
It was a pleasure to work with Lawrence and his team at Rockworth. The depth of commercial awareness, technical expertise, responsiveness and ability to make all issues points we could understand and digest made the transaction run smoothly and to timetable. We would not hesitate to recommend them to others considering a company sale.
I would personally like to thank Lawrence Price and his team for finding a suitable buyer at the desired price and completing the sale with such professionalism.”
Kalli Basra, Managing Director and shareholder of Alphr Technology Limited.
