A growing vacuum solutions firm has acquired a Halesowen engineering business.
Busch (UK) Ltd, based in Telford, has purchased Vacuum Furnace Engineering Ltd (VFE) for an undisclosed sum.
Established in 1971, Busch is the UK subsidiary of the global Busch Vacuum Solutions group, which provides vacuum and overpressure technology. The German group operates in 44 different countries and has 3,500 employees.
Vacuum Furnace Engineering was founded in 1985, employs 89 staff and recorded a turnover of £16 million in 2019.
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Tim Hulbert, managing director of Busch (UK) Ltd, said: “This is an exciting time for the Busch UK team. 2021 is our 50th anniversary in the UK and the acquisition of VFE marks a significant commitment by the Busch group to the UK market, ensuring we are well positioned for further long term service and growth.
“We are stronger together and uniquely positioned to help UK manufacturers become more productive and sustainable through the application of our Busch vacuum solutions.”
David Byrne, VFE chief executive officer, said: “Operationally, VFE will remain focused on the markets and customers that benefit from the team’s expertise in vacuum metallurgy and composites. The existing Busch UK business will continue to serve customers under the Busch brand.
“Together, Busch and VFE will share their vacuum expertise, solutions, and service capabilities, to enable an even more comprehensive range of vacuum solutions to the benefit of all of our customers.”
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National audit, tax, advisory and risk firm Crowe advised Busch (UK) on the deal.
Andy Kay, corporate finance partner at Crowe, said: “This acquisition is strategically important for Busch in the UK, as it enhances the company’s service offering across the UK and internationally.
“For Vacuum Furnace Engineering, it opens doors to a much bigger marketplace and they will now be able to tap into Busch’s global customer footprint.
“This deal is the result of forward-thinking with an eye to the long term strategy of both companies and we were delighted to be able to advise Busch on this important acquisition.”