MANCHESTER, 24th January 2019 – Manchester-based technology solutions provider Distec Ltd, has been acquired today by Swedish giant KAMIC Group AB.
Distec Ltd was founded in 1992 and over the years has built a strong reputation and extensive expertise in industrial, medical and digital technology solutions. The company represents a number of world-leading manufacturers such as ELO, Nexcom, CKS Global, Wincomm, Siemens and others, and offers total solutions including support to customers in many different sectors across the UK and Irish markets. Distec’s annual sales currently reach about £3.8 million.
“Distec is a well-run company with a fine history and is a highly-regarded supplier in its product niche. KAMIC Group is already established in the UK with a number of successful technology companies, so Distec fits nicely into our group where we can offer organisational support, contacts and expertise for continued development and expansion,” says Fredrik Celsing, President and CEO of KAMIC Group.
The previous owner and Managing Director of Distec, Noel Sheppard, will stay on with Distec to have a leading position in the company which from now on will be part of KAMIC Group’s Electronics business area. Noel comments on the deal: “This sale to KAMIC Group makes Distec Ltd part of a larger group which will provide support and opportunities which strengthen conditions for a continued positive development for the company and our employees.”
Former Company Director Adrian Swindells will be retiring with the acquisition, he added: ““I would personally like to thanks all of our customers and suppliers who have worked with us and trusted us with their business over the last 26 years. The acquisition by KAMIC Group is a fantastic exciting opportunity for Distec and its employee’s moving forward in to the future. I will watch with enormous pride the new business going forward and I wish the KAMIC Group and all employees a very bright exciting future.”
About KAMIC Group:
KAMIC Group is a corporate group consisting of more than 20 operating companies active in both trade and manufacturing. Our common aim is to be a leading supplier of technical products and services in a number of well-defined product and market niches. The Group has around 675 employees in 12 countries in Northern Europe, Asia and the USA and annual sales of approximately SEK 1.9 billion. Our customers are found mainly in the manufacturing industry but also among electrical installers, construction companies and telecom service providers. Read more at www.kamicgroup.com