LONDON: NMCN Plc has entered into a sale and purchase agreement (SPA) to purchase the entire issued share capital of Lintott Environmental Technologies Limited, which has a wholly owned subsidiary called Lintott Control Systems Limited for a total consideration of up to £3.76 million subject to a three year earn out.
Lintott Control Systems is a Process Solutions Provider. The company specialises in the design, manufacture & after-care of digitally integrated factory-built, Water & Wastewater Treatment Systems, Process Software / Systems Integration.
NMCN Chief Executive Officer, John Homer, commented: The strong cash position we’ve been able to build in recent years has enabled us to take the next step in broadening our offering to the water sector.
The acquisition of Lintott Environmental Technologies & Lintott Control Systems is an extremely exciting opportunity and a commercially viable deal. This acquisition offers an excellent opportunity for NMCN to strengthen and expand our already established offering to the UK Water Industry and potentially other markets in the future in providing Off-Site Build, Chemical Dosing Systems, Motor Control Centres, and Control Systems.
The acquisition complements our full asset lifecycle management offering to the water sector in offsite manufacture, production and maintenance of assets. We look forward to progressing our product offering combining our own experience with the newly acquired colleagues, skills and expertise to reinforce our market leading position in this sector.
David Owen, Managing Director at Lintott Control Systems said: “We were attracted by the market opportunity and business development opportunities presented by joining NMCN. We look forward to supporting the wider business in achieving its growth objectives and in delivering exceptional customer service.”
“The Lintott facility will now become part of the NMCN PLC’s national network of offices with the full team joining nmcn.”
Edited by Nayyar Iqbal