Law firm Temple Bright has advised the owners of Phoenix Dynamics Ltd on a sale of the company to Swiss technology business HUBER+SUHNER.
Phoenix Dynamics is a provider of customised, assembled cable solutions, electro-mechanical assemblies, concept design and consulting for the industrial markets in Europe and North America.
Based in Staffordshire, Phoenix Dynamics has been active in the aerospace and defence markets for 25 years. The company, which also serves customers in industries such as automotive, energy, industrial, marine, medical, rail and security, will become HUBER+SUHNER Phoenix Dynamics Ltd.
For aerospace and defence as well as other high-end markets, Phoenix Dynamics is specialised in customising electro-mechanical connectivity solutions, offering a wide range of cable assemblies and wiring harnesses utilising radio frequency, fibre optics and low frequency technologies. Phoenix Dynamics’ expertise includes customer support through concept design, prototyping, testing and quality assurance as well as consulting services to improve performance of existing solutions.
Urs Ryffel, CEO of HUBER+SUHNER, said: “Phoenix Dynamics is a highly valuable addition to HUBER+SUHNER. Their strategic focus on complete solutions in our aerospace and defence growth markets will enable us, after integration, to offer existing customers in this subsegment end-to-end solutions based on all connectivity technologies.”
David Grocott, CTO and COO of Phoenix Dynamics Ltd and newly named Managing Director of HUBER+SUHNER Phoenix Dynamics Ltd, said: “Access to the resources and the global network of HUBER+SUHNER will have a very positive impact on expanding our product and service offerings and will foster our engineering capabilities further.”
The acquisition of Phoenix Dynamics supports the ambition of HUBER+SUHNER to expand component sales with complete, customised solutions. The company currently generates sales in the mid single digit million range. Following the deal it will continue to operate out of its facilities in Staffordshire.
Stuart Hutson, corporate partner at Temple Bright, said: “We are delighted to have advised the sellers of Phoenix Dynamics on this significant deal, offering natural synergies and benefits for both businesses. The deal process was smooth and collaborative, through a combination of the parties’ pragmatism and attention to detail, and sensible advisers. It augurs well for a successful integration between the two teams.”
HUBER+SUHNER were advised by Jonathan Watkins (Partner) and James Petts (Senior Associate) from leading global law firm DLA.
Temple Bright was launched in Bristol in 2010 using a tech-enabled, streamlined business model. It opened its second office in London EC2 in 2013 and now has more than 70 partners spread across the two locations. The firm advises clients ranging from start-ups to PLCs across a range of sectors, with significant expertise in technology.
This article appeared on the Bdaily website on 21 November 2022.