Prism Advise on Sale of PCME Ltd to Environnement SA
Environnement SA, leading European supplier of environmental monitoring systems, and PCME, leading European developer and manufacturer of continuous particulate monitors for industrial processes, are proud to announce the acquisition of PCME by Environnement SA. It allows the enlarged group to offer worldwide, the most advanced and wide range of solutions to match present and future challenges in respect of process or regulatory environmental monitoring requirements.
This alliance will immediately contribute to the market release of a new range of innovative flow emission monitors, and accelerate both Research and Development in joint projects for innovative in situ instruments.
Each entity will keep its own autonomy, retaining the current management team and employees. The two companies are now concentrating their efforts on the anticipated strong growth of their activities provided by the synergies. It will benefit their respective customers, partners and employees in terms of expertise, quality and services.
Peter Watson, Managing Director of Prism Corporate Broking and adviser to the Sellers, added “We were delighted to be able to assist William in this transaction. The fit between the companies was obvious from the outset, but even more important was the common culture – despite being a cross border deal. PCME is a strong player in its own right but will certainly benefit from being a part of Environnement SA.”William Averdieck, Managing Director and founder of PCME Ltd adds: “Both management teams have known each other for many years, and have respect for the success they have both achieved in similar markets with complementary product lines. This strong partnership will boost our organic growth plan and strategy, allowing us to double our revenue within five years, reaching new customers, new markets and new applications worldwide, while maintaining our strength as an innovative (and passionate) manufacturer of particulate and flow instruments.”
François Gourdon, President and founder of Environnement SA declares, “We are very enthusiastic about the opportunities that we’ll be able to provide to our worldwide industrial customers. The expertise of PCME for the monitoring of particulate in industrial processes, combined with the expertise of Environnement SA in the monitoring and detection of very low concentrations of gas and fine particulate, including PM10 or PM2.5, will definitively provide new generations of equipment for the industrial regulatory market.”
Peter Watson, Prism Corporate Broking, provided Corporate Finance advice to the seller, with taxation advice from Mark Jackson, Rawlinsons and legal advice from Duncan Walker at Greenwoods LLP. Olivier Morel and Rachel Butler at Cripps LLP provided legal advice to the acquirer.