Acquisition: Philip Grahame International Ltd by Niedax Group
Niedax Group (Niedax) has further expanded its presence in the UK with the acquisition of Philip Grahame International Limited, and now has eight locations in the UK.
Niedax is a long-established family-owned entity, headquartered in Germany, occupying a leading global position in the supply of cable management systems. This acquisition facilitates local production in the UK market and increases manufacturing capabilities to produce quality products for local customers. It also provides Niedax the opportunity to expand upon the existing distribution business with its own products.
Philip Grahame International is an established market provider of cable management systems from its UK facility in Chelmsford, Essex. The company employs 50 people who serve its customer base in the UK, Middle East and South East Asian markets.
Crowe's role and team
Crowe provided buy-side financial and tax due diligence, along with buy-side transaction support. Our transaction services team was led by Dan Nixon, Charlie Breese and Jake Harrison.
Client quote
"Crowe delivered an excellent financial due diligence report on time and with the relevant points for us to focus our attention. Additionally, their support throughout the transaction process was particularly helpful and enabled us to close the deal successfully."
Cornelius Steele, Executive Board Member, Niedax Group
