Castle is pleased to announce the sale of the business and assets of the graticules division (“Graticules”) from Pyser Optics Limited, to Scientific Digital Imaging Plc for a cash consideration of £3.4 million. Castle were the lead advisers on the transaction, acting for Pyser Optics.
Graticules designs and manufactures specialist graticules and electro-optical products; applying chemical etchings and micropatterns to glass, film and metal foil products, serving the microscopy, metrology, eduction, scientific and defence markets.
“We are delighted to have worked on this successful transaction and to assist Pyser Optics once again. Graticules has a strong reputation in its market and attracted a lot of attention from both national and international buyers. Becoming part of the SDI group will allow the business to flourish and grow its turnover and profitability even further.” Catherine Lambeth, Castle Corporate Finance
“We are really pleased to have assisted on this deal and wish all parties the very best for the future.” Stuart Stepney, Managing Director, Castle Corporate Finance
“The Graticules sale attracted a number of potential suitors but we were impressed with the straightforward approach adopted by SDI and the speed at which they have moved on this deal. We engaged Castle for a second time, who designed and led a highly efficient process that ran to timetable and culminated in a range of strong bids from trade. The Castle team handled the deal with great professionalism and were a pleasure to work with as always.” Stephen Keating, Director, Pyser Optics Limited