Southern Bear buys Phoenix Dynamics

Southern Bear has acquired Stoke-on-Trent based electronics supplier Phoenix Dynamics in a deal worth up to £1.5m


Engineering investment compny Southern Bear has acquired Stoke-on-Trent based electronics supplier Phoenix Dynamics through its Towerinput subsidiary in a deal worth up to £1.5m.


Phoenix Dynamics supplies electronics equipment and components to the electronics, defence and energy industry. Its customers include the US Department of Defense, Converteam and Pearson Engineering.



An initial payment of £1.25m will be made consisting of £1m in shares and £250,000 cash. An additional £250,000 could be due if pre-tax profits are greater than £400,000 by the end of March.



Southern Bear invests in the UK support services, industrial and engineering sector. It acquired engineering product import and distribution company Towerinput in May 2007.