Optima advise Japan's Trust Tech on £17.1m UK Acquisition
Owner Optima Corporate Finance, specialising in Acquisitions & Disposals particularly for recruitment businesses
Optima's Philip Ellis advised Trust Tech Inc on their acquisition of MTrec Limited for £17.1m which completed on 30 August 2016.
MTrec was identified as Trust Tech Inc’s first European strategic partner due to its exceptional growth rate and geographical location, which means it is ideally placed to serve the multinational manufacturing and engineering businesses based in the North East. In the financial year ending 31 March 2016, MTrec achieved turnover of £46m and is forecasting turnover of £59m this year.
We anticipate this deal creating value for all stakeholders and enabling Trust Tech to extend their footprint to the UK and European markets in due course. This acquisition serves as proof that overseas trade buyers still see the UK as an attractive option for inward investment – contrary to many of the experts’ initial predictions following the result of the European Referendum.
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