US-based Angstrom Technology has announced its third acquisition in six months
Angstrom Technology has announced its third acquisition in six months, after acquiring UK-based C2C in January.
The West Michigan cleanroom engineering company and portfolio company of ASGARD has acquired UK-based Specific Environments Limited (SEL). This acquisition will bring Angstrom Technology's cleanroom expertise to greater markets throughout Europe and will build on the organisation's specialised design and engineering capabilities.
As part of the transaction, Peter Saunders, Managing Director of SEL, will continue to lead the business alongside the existing management team.
The SEL acquisition adds a significant in-house design and engineering competence
"This is another big milestone for Angstrom," said Matt Isard, CEO of Angstrom. "SEL's strong design and engineering capabilities will give Angstrom a more integrated commercial approach and allow us to work even more collaboratively with our customers to drive value. This acquisition accelerates the next stage of growth for the organisation all while retaining our core values and commitment to quality, service, and innovation."
Karan Rai, Managing Partner of ASGARD, said: "The SEL acquisition adds a significant in-house design and engineering competence to our existing platform. We are committed to building a highly customer-centric and full-service global company in this space. This is our third add-on acquisition to the Angstrom platform in the past six months and is just the continuation of a long-term growth strategy focused on consolidating the cleanroom and controlled environment industry. We are excited to welcome the talented SEL team into the Angstrom family."
Peter Saunders, Managing Director of SEL, said: "We believe this partnership will help us meet the growing demand from our customers and enable us to work with larger organisations in delivering fully customisable and turnkey cleanrooms. I believe the combined company is poised for significant growth as it continues to expand its global footprint."
"With this acquisition, Angstrom adds tremendous design and engineering capabilities along with a highly experienced team," added Robert Beall, Partner at ASGARD. "SEL is a leader in the cleanroom industry and serves the world's most sophisticated pharma/biotech clients. We believe our ability to attract industry-leading talent and pedigree to Angstrom is further validating our thesis. We look forward to partnering with and supporting the company's management team."
Terms of the transaction were not disclosed.