Electronics firm 'charged for growth' after takeover

An electronic assemblies maker is charging ahead with plans to double in size following a takeover.

Arian EMS has been bought by CorpAcq.

Bosses say the deal will help the Ashington-based business create around 30 jobs and build a second factory.

They add the firm is also “actively exploring three or four acquisitions”.

Founded in 2017, Wansbeck Business Park-based Arian EMS makes, assembles and tests electronic systems for a range of industries.

Under the terms of the deal, Malcolm Humble, founder and managing director of Arian EMS, which employs 40 staff, will provide support to the company’s leadership team, having retained a stake in the business. 

He said: “This marks a major milestone in our journey. 

“Joining the CorpAcq network positions the business for long-term success and gives us the platform to take the next step. 

“With their support, we’re in a strong position to build on everything we’ve achieved so far.”

CorpAcq, founded by Simon Orange in 2006, backs established and cash-generative SMEs across the UK. 

He said: “From the first conversation, it was clear Arian EMS is a business with real depth.

“We’re really looking forward to backing Malcolm and the team as they take the next step.”

UNW provided corporate finance and tax advice to Arian EMS on the deal, with Ward Hadaway delivering legal support.

Nick Broadhead, UNW corporate finance partner, said: “This deal brings together a committed management team and a supportive and experienced investor. 

“It’s a great fit, and one that puts the business in a strong position for continued growth.”

Richard Butts, Ward Hadaway corporate partner, added: “I look forward to seeing Malcolm and the team achieve even bigger and better things.”

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