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2 July 2019Press Releases
James Cowper Kreston’s corporate finance team recently provided transaction support to ACOEM Group on their first UK acquisition, Air Monitors Ltd.
ACOEM Group has grown to become a world leader in environmental monitoring solutions, having merged in 2017 with Australian company ECOTECH, a globally recognised leader in air quality monitoring. The ACOEM Group is based in Limonest, France, and has 17 subsidiaries and offices around the world. The Group generate an annual turnover of €94 million and currently employs 700+ people globally.
Air Monitors Ltd, based in Gloucestershire, are specialists in the supply, rental and service of instrumentation for air quality monitoring in ambient air, fenceline, indoor air, process and industrial hygiene applications. The company supplies monitors and samplers for continuous, personal, portable and area detection use. Associated technologies are also supplied such as meteorological and traffic monitoring systems, calibration systems, and data management and communications networks.
The corporate finance team at James Cowper Kreston provided financial and tax due diligence services to ACOEM Group prior to their acquisition of Air Monitors. The team’s findings assisted in ACOEM Group’s acquisition decision which allowed them to expand its UK presence under the ACOEM product and service offering. ACOEM Group was also advised by Blandy & Blandy on legal aspects of the transaction.
Brad McAvoy, Corporate Finance Director at James Cowper Kreston said: “It is pleasing to see that inbound international investment into the UK has not stopped with Brexit uncertainty. The financial and tax due diligence that we provided assisted in ACOEM Group’s assessment of the acquisition. It was a pleasure working with the ACOEM team and we look forward to continuing to help with their future growth.”