Member Article

h/w Keeble supports Sheffield company’s sales in France

hlw Keeble Hawson and Shorts Chartered Accountants have represented Sheffield rail depot equipment manufacturer, Mechan www.mechan.co.uk in its sale to French rail transport specialist, CIM www.cimgroupe.com for an undisclosed sum.

Mechan managing director, Richard Carr, finance director, Zahir Altaf and a 20-strong team will continue to operate under the same name from the Sheffield site. They will be supported by CIM whose portfolio of products and services includes railway infrastructure supply and construction projects.

Richard Carr said the takeover would help accelerate the company’s international development: “I will continue to lead Mechan’s expert team and as far as existing clients are concerned, it will be business as usual.

“However, we are looking forward to raising CIM’s profile in the UK and becoming part of an organisation that has demonstrated its dynamism through consistent growth.”

Alain Lovambac, chief executive of the CIM Group, commented: “Mechan is a particularly innovative and successful company whose high-quality products are complementary to our own.

“This acquisition strengthens our ambition to become a world leader in the design and supply of turnkey railway workshop solutions.”

Paul Trudgill, managing partner of hlw Keeble Hawson which acted for Mechan, said: “Mechan boasts a strong reputation in its field and we are pleased to have played an instrumental role in the purchase which will enable the business to make global inroads backed by CIM – a highly respected international player.”

Andy Ryder, Corporate Finance partner with Shorts commented: “We are delighted to have advised Richard and Zahir on the successful completion of, what was, a complex transaction. We look forward to seeing Mechan continue its exciting growth story as part of CIM”.

This was posted in Bdaily's Members' News section by hlw Keeble Hawson LLP .