Bergman & Beving acquires Orbital Fabrications
Bergman & Beving has today acquired 80 percent of the shares in Orbital Fabrications Limited. The company is a leading player within manufacturing of components and systems for handling of various gases with high demand of cleanliness. The company is located in Cambridge, has around 80 employees and a turnover of approximately GBP 14 million with good profitability.
”Orbital is a leading player within its niche on the British market. With a high level of know-how, a wide and loyal customer base and good market conditions, we see good opportunities for further profitable growth”, says Oscar Fredell, Head of Division Tools & Consumables.
”We are excited to become part of the Bergman & Beving Group. With support from a professional and solid owner, we will be able to increase the company’s growth going forward”, say the sellers – the three siblings Ian Pearson, Phillip Pearson and Susan Scrivener. The two brothers will continue as minority shareholders.
Orbital will be part of the Division Tools & Consumables and the closing will take place with immediate effect. The acquisition is expected to have a marginally positive effect on Bergman & Beving’s earnings per share during the current fiscal year.
Stockholm, 18 December 2023
Bergman & Beving AB (publ)