Private equity firm LDC has sold pipeline inspection system business Mini-Cam in deal that has valued the North West business at up to £85m.
Warrington-based Mini-Cam was backed by LDC during a management buyout in July 2015, which gave the firm additional funding to accelerate its international growth strategy.
Under LDC, Mini-Cam expanded its operations from one site to three, including a new research and development facility in Austria. Its headcount rose from 37 employees to over 50.
Following the acquisition by tech group Halma plc, the company will continue to design, manufacture and distribute robust modular pipeline inspection systems for sectors including water, oil and gas, petrochemical, nuclear, security, engineering and construction.
LDC investment director Chris Wright and head of North West Jonathan Bell led on the transaction.
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