Trident analytical has acquired Cussons Technology with the backing of Phildrew Ventures. The acquisition is part of buy and build strategy in the measurement and analysis sector. Having developed successful scientific and consumable groups the company plans to repeat its growth performance in this sector.
“We see a huge market in sensing, testing, analysing and measuring. At present it is fragmented, which gives us the opportunity to acquire good companies” said Geoff Spink, chief executive of Trident.
Trident Analytical, formed in 1998 with the assistance of Springboard Venture Managers, acquired Cussons, a designer and manufacturer of engine emission and hydrodynamics test equipment, for up to £10.5 million. Springboard Venture specialises in supporting venture capital backed deals. “Cussons will make an excellent launch pad for Trident’s strategy”, said chief executive Stephen Ross.