Gem Scientific on the acquisition trail for the second time this year with the support of its investment partner Solingen Private Equity
The Leeds-based company has acquired the North’s leading independent UKAS accredited balance and scales specialist Northern Balance who will become part of the Gem Group with immediate effect. This is the second acquisition Gem have made within the past twelve months.
The acquisition of Northern Balance, established in 1971, allows Gem Scientific to consolidate and expand the capability of its calibration business, providing a competitive edge whilst offering a greater range of services and support to its customer base throughout the UK.
The acquisition is part of an ambitious expansion plan to service the growing life sciences, food and beverage, pharmaceutical, education, manufacturing and medical technology sectors across the UK and Ireland. The Gem Group now employs in excess of 25 people and the business is continuing to recruit new people over the coming months.
With over 45 year’s experience the company has built a strong reputation for its technical expertise, excellent personal customer service and support throughout the whole service and calibration process.
Gem Scientific was advised by Schofield Sweeney, led by Corporate Partner Adrian Ballam and Solicitor Catherine Umpleby. Adrian commented, “It was a pleasure to advise the team at Gem on this acquisition, which clearly complements the existing business as well as presenting new possibilities for growth.”
Hayden Rouse, Managing Director of Northern Balance added, “We believe that by joining the Gem Group, we can deliver greater value to our customers while being in a better position to expand and develop new customer relationships. Gem brings a broader portfolio of products and services to our customers. As a much larger organisation with a good reputation within the industry, Gem will also provide our employees with greater opportunities for career advancement and development. We expect this to be a very successful partnership.”
Gem Scientific has been supplying specialist laboratory products to the UK, Ireland and Europe for over 19 years and work collaboratively with the world’s leading brands and manufacturers to offer a comprehensive range of scientific consumables, instruments, hygiene systems and chemicals for supply into all industry and education sectors.
Justin Welton, Managing Director of Gem Scientific said “The acquisition furthers our growth strategy in the UK, and marks another significant step forward for Gem Scientific. Once again, the expertise of the team and the reputation of Northern Balance were critical aspects of the acquisition.
This is a great opportunity for our two companies to utilise their respective expertise. It will improve our product and service offering for all clients whilst enhancing our local and national presence whilst continuing our excellent customer service across the group.”