CadCam Technology (CCT), headquartered in Nottingham, United Kingdom, is a developer and manufacturer of highly advanced laser cutting and laser engraving machines. Moreover, CCT has an extensive history of software development and has pioneered the integration of vision systems and camera recognition into finishing equipment. Their innovative nature has ensured the company continues to lead the way in technology and product development today. Their main markets are soft signage, garment, and garment embellishment, with major customers in the automotive, solar panels, sportswear, and footwear industries.
Cadcam’s sister company, GS UK, is an important UK distributor and test center of CCT equipment. Through the distribution of equipment, software, and supplies, GS has a very strong relationship with the textile industry.
Over the years, CadCam was able to achieve consistent growth and maintain high profit margins on its sales to a broad range of international clients.
Summa NV, backed by European Private Equity investor, GIMV, is the European market leader in roll cutters, for some years, the company has also been operating in the flatbed cutter market.
CCT specialises in offering customized solutions based upon a combination of core technologies, while Summa has proven ability developing and producing high-quality product series. By combining the organisations, the resulting group provides a serious competitor on the global market.
Commenting on the acquisition, Erwin Vandousselaere, CEO of Summa said: “We have seen a substantial growth in Summa in recent years and the acquisition of CCT is a real milestone for us. The complementarity with Summa is remarkable, added to which CCT is very innovative and experienced in the garment industry. Together we will be stronger to achieve further growth.”
“With Summa, I am fully convinced that CCT will have continuity through their worldwide network and well-developed sales and marketing capacities,” said John Bell, Founder of CCT and GS UK.
The management will remain with the business and support its future growth under the new ownership. The ambition for the business is to concentrate on increasing its geographical and market expansion and to release new, innovative products, with a plan to in time enrich the product portfolio with a cutting edge, laser product line.
Rockworth acted as Lead Advisor to the shareholders of CadCam Technology, working closely with John Bell, David Bilton and the rest of the senior management team. We also worked alongside corporate partner, Gavin White, of Fraser Brown solicitors.
“Who do you turn to when you want to market a business without putting up a for sale board on the outside? This was the dilemma we faced as a team of 4 Directors with a niche type of business during the early part of 2017. At this time our MD, John Bell, attended a Seminar at the National Brewery Centre in Burton where he met Lawrence Price of Rockworth and felt there was a more understanding approach to the process we were trying to undertake. We had already had conversations with some of the ‘larger players’ but felt we were just another number in the system as opposed to real people.
During the whole process William, Lawrence and Zuzana were always available to answer questions, no matter how banal, and held our hand through the whole procedure, even going to Milan for one of the meetings with a potential acquirer. I can honestly say that without the Rockworth calm hand on the tiller I am not sure we would have got through it in such a successful and easy manner.”
David Bilton, Director Cadcam Technologies Limited