Novacom
Sale of Novacomm to APC Technology Group plc
Acquirer / Funder
APC Technology Group
Value
<£5m
Deal Type
Sale
Sector
Manufacturing
Location
UK
Overview
Eastwood Anglo acted on the sale of Novacom Microwave Ltd to Advanced Power Components plc.
Advanced Power Components plc announced that it has acquired the entire issued share capital of Novacom Microwave Limited (“Novacom”), a distributor and manufacturers’ representative for RF and Microwave frequency electronic components, for a maximum total consideration of approximately £1.6 million cash.
Novacom operates within a highly specialised sector of the electronics market, complementary to that of APC, focusing on the defence and communications markets. Novacom has built an excellent reputation in this market sector operating a similar business model to APC, utilising a successful ‘Design In’ approach, following projects from initial design through to production, and providing customers and suppliers with an effective support capability.
Mark Robinson, Chief Executive of Advanced Power Components, commented:
“Novacom is an excellent fit with APC’s existing businesses. This acquisition introduces new products and expertise, broadening our offering to customers and addressing new specialist markets. The ‘Design In’ strategy common to both businesses has helped to maintain margins during what has been a difficult period for the electronics distribution industry and we look forward to reporting on the continued growth of the Company during the second half of our financial year.”
