Basingstoke’s EC Electronics Group acquires Liad Electronics

EC Electronics Group, a Hampshire-based provider of electronics manufacturing services, has acquired Dutch firm Liad Electronics.

The deal was funded through a debt package from Shawbrook Bank alongside further funding from Rockpool Investments.

Liad specialises in printed circuit board assemblies for a high-tech client base. The team will continue to be overseen by director Rick Meesters, who’s set to join the board.

Phil Simmonds, CEO of EC Electronics, said: “We’re very excited about Liad joining the EC Group and working with the incredibly experienced team there.

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“Liad will now be the foundation for the next stage of our growth plans in mainland Europe and a key part of the future success of the group.”

This marks the second acquisition for EC Electronics since an investment from Rockpool in September 2022.

Guy Nieuwenhuys, investment manager at Rockpool, added: “EC’s strategic acquisition of Liad represents an exciting opportunity to accelerate growth in Europe.

“We’re delighted to be partnering with Shawbrook Bank on this acquisition and we look forward to continuing the buy and build strategy.”

EC Electronics and Rockpool were advised on the deal by Cavendish (debt advisory), Taylor Wessing (EC debt and equity legals), Evelyn (vendor financial and tax), Van Campen Liem (Liad legals and Dutch tax), Accuracy (Liad financial and commercial) and Claritas (UK tax).

Shawbrook were advised by Addleshaw Goddard (legals).

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