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Unipart acquires Comms Design
Posted on Thursday, 05 November 2020 11:30
Unipart Group has bought UK-based design and manufacturing company Comms Design.
Financial terms were not announced.
The deal will complement the acquiror’s Unipart Rail portfolio and allow both companies to access new markets in the UK and internationally.
Following the purchase, Paul Clark will continue in his role as the target’s managing director.
Harrogate-headquartered Comms Design focuses on producing electronic products for customers in the rail industry.
The group manufactures radio electronic token blocks, a system of railway block signalling devices made for single track routes with light-to-medium traffic density.
Its products help to improve safety and increase capacity for vehicles, while reducing costs and the need for track-side signalling.
John Neil, Unipart’s chief executive, said: “The acquisition of Comms Design provides us with impressive technical skills, products and services for the rail industry which complement our Unipart Rail offering from our other businesses such as Park Signalling and Instrumentel.
“We expect Comms Design to play a strong role in meeting the needs of current and future customers as an increasing number of companies accelerate their plans to implement digital products and solutions.”
Furthermore, the deal will enable both businesses to expand their products and services throughout the UK and overseas.
Based in Oxford, Unipart is a multinational logistics, supply chain, manufacturing and consulting company, which operates across Europe, North America, Australia and Japan.
Its brands include the likes of Unipart Rail, Unipart International and MetLase.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 365 deals targeting wireless telecommunications carriers announced globally in 2020 to date.
Virgin Media and Telefonica Europe are merging under a holding company structure worth GBP 35.85 billion in the most valuable of these.
This was followed by Nippo Telegraph & Telephone agreeing to buy the remaining 33.8 per cent stake it does not already own in NTT DoCoMo for JPN 4,254 billion (USD 40.31 billion).
© Zephus Ltd