Analytical instrumentation and automation company Anatune has been sold to leading independent provider of consumables and scientific services into the analytical chemistry sector, Crawford Scientific Holdings, in a sale facilitated by specialist Technology M&A advisors Prism Corporate Broking.
Prism leads team in sale of Anatune to Crawford Scientific
Crawford Scientific Holdings is backed by private equity firm Limerston Capital.
Established in 1995 and based in Cambridge, Anatune has built a reputation for providing automated systems combining sample preparation with gas chromatographs and mass spectrometers, throughout the UK and Ireland. Anatune has a reputation for excellent customer service and provides reliable and high-quality end-to-end solutions that save resources at every stage.
Peter Watson, Managing Director at Prism Corporate Broking led the advisory team for Anatune. “This is such a natural fit for Anatune and Crawford, with Crawford already providing consumables and training for many of Anatune’s customers. The businesses have known and respected each other for years and this transaction will allow both parties to fully exploit the synergies between the businesses, whilst retaining their own identities.”
Ray Perkins, Anatune’s Managing Director utilised Prism’s services for approximately three years to maximise the value of the business in the lead up to a sale. He adds, “The progression of the deal was greatly enhanced by having a strong team, with thanks to Prism for introducing Duncan Walker of BDB Pitmans as legal advisor.”
Peter continues. “The similar cultures of the two businesses was apparent at the outset and further confirmed during the process. I am confident that the brand position of both companies will be strengthened with this transaction.”
Tony Taylor, Technical Director of Crawford Scientific says, “Over the many years we have known Ray and his team at Anatune, we have been impressed by their expertise in applications development for the most challenging analytical separations and their ability to automate these solutions. We welcome Ray and his team to the Crawford Scientific family and look forward to many successful collaborations with our clients.”
The deal value remains undisclosed.
The specialists in buying and selling technology businesses. Prism comprises a team of experienced M&A specialists with years’ of experience working with owners of private technology companies, helping them to buy and sell businesses.