Founded in 1996, Young Calibration has UKAS accredited laboratories and unrivalled knowledge and experience in thermal fluid systems testing, cleaning and development. It works with a wide spectrum of industry sectors including aviation, automotive, medical, environmental, and pharmaceuticals.
The acquisition of Young Calibration offers a strategic opportunity, post-Brexit, for both organisations to regain or expand market access for their OEM clients. With the pace of change in the electrical vehicle market, Young Calibration’s facilities in the UK offer a solid basis to further expand NMi electrical vehicle charging system services and capabilities. In addition, new regulations in the automotive and motorsports sectors promise to usher in demand for increased testing requirements.
Young Calibration Managing Director, Adrian Young, adds:“Given anticipated industry changes and the general growth of the calibration and thermal fluid systems market, NMi is a logical partner to help accelerate our growth with further accreditation services and expansion into the legal metrology field. I would like to express my thanks to Lake Falconer and his team at PEM Corporate Finance for their energy, insight and good counsel to get the transaction agreed and across the line.”
For NMi, this acquisition marks the first step in its buy-and-build strategy. Yvo Jansen, NMi CEO, said:“The Young Calibration acquisition strengthens our UK footprint and broadens our testing and calibration capabilities. Its unique expertise in the motorsport sector, bolstered by technical knowledge, quality processes, and facility capacity provide excellent sales and operations synergies.”
PEM Corporate Finance was appointed by the vendors to provide M&A and tax advice.
Lake Falconer, Partner and lead adviser on the transaction, said:“We were delighted to help Adrian negotiate and secure the sale to NMi which will be a great strategic partner for Young Calibration. This was the first post-lockdown transaction that we’ve done entirely remotely showing what can be done with the new technologies we’ve all adopted.”
Legal advice to the vendors was given by Andrew Cooper at Greene & Greene Solicitors.