Oxalis continues growth with Video Marine acquisition
The Oxalis Group, based in Warwickshire, has acquired the UK, Singapore and Italian businesses of CCTV producer Video Marine International. The deal was advised by Birmingham-based M3 Corporate Finance.
The Oxalis Group manufactures protection equipment. It bought the three divisions of Video Marine International, which produces CCTV for hazardous environments, for an undisclosed sum.
Video Marine’s facility in Italy is responsible for the manufacture of all stainless steel components from which the company’s CCTV products and systems are built in the UK. The UK site is also responsible for turnkey and system projects whilst Singapore consists of a sales and technical support office.
Oxalis’ acquisition of Video Marine follows its December purchase of floodlight manufacturer Litesafe and LineGlow, acquired in February this year, which manufactures flexible LED lighting solutions.
M3 Corporate Finance sourced the opportunity, assisted with negotiations and advised on the deal structure.
Gary Hyem, of M3 Corporate Finance, said: “We are delighted to have worked yet again with Rob as he continues to build his group. This acquisition continues the focus of acquiring and developing businesses that are involved in providing safety related products for hazardous or explosive environments.
"With businesses in Italy and Singapore as well as the UK, the deal wasn’t without its challenges but the strategic fit meant the obstacles were worth overcoming.”
Richard Underwood and Emma Bryant of Martineau in Birmingham provided legal advice to Oxalis.
