GRAND RAPIDS, Mich., February 11, 2022 /PRNewswire/ — Angstrom Technology, a western michigan The cleanroom engineering firm and portfolio company of ASGARD Partners & Co. has announced its third acquisition in six months, UK-based Specific Environments Limited (“SEL”). Acquisition will bring Angstrom Technology’s cleanroom expertise to larger markets across Europe and will rely on the organization’s specialist design and engineering capabilities.
Angstrom Technology acquires Specific Environments Limited. This is the company’s third acquisition in six months.
As part of the transaction, Peter SaundersManaging Director of SEL, will continue to lead the business alongside the existing management team.
“This is another milestone for Angstrom,” noted Matt Isard, CEO of Angström. “SEL’s strong design and engineering capabilities will give Angstrom a more integrated business approach and allow us to work even more collaboratively with our customers to drive value. This acquisition accelerates the organization’s next stage of growth. while maintaining our core values and our commitment to quality, service and innovation.”
Karan RaiManaging Partner of ASGARD, said, “The acquisition of SEL adds significant in-house design and engineering capability to our existing platform. third acquisition complementary to the Angstrom platform in the last six months and is just the continuation of a long-term growth strategy focused on consolidating the cleanroom and controlled environment industry. We are delighted to welcome the talented SEL team to the Angstrom family. “
Peter SaundersCEO of SEL, said, “We are delighted to partner with Angstrom and ASGARD and build on our momentum after this year of exceptional growth. We believe this partnership will help us meet growing customer demand and allow us to work with larger organizations to deliver fully customizable, turnkey cleanrooms. I believe the combined company is poised for significant growth as it continues to expand its global footprint.”
“With this acquisition, Angstrom adds tremendous design and engineering capabilities along with a very experienced team,” commented Robert Beall, Partner at ASGARD. “SEL is a leader in the cleanroom industry and serves the most sophisticated pharmaceutical/biotech customers in the world. We believe our ability to attract talent and cutting-edge pedigree to Angstrom further validates our thesis. We look forward to partnering with the company and supporting its management team.”
Terms of the transaction were not disclosed. EvolutionCBS acted as financial advisor to SEL. McGuireWoods London LLP and Chapman & Cutler LLP advised ASGARD.
About Angstrom Technology
Founded in 1989 and based in Grand Rapids, Michigan, Angstrom Technology offers cleanroom design, engineering, construction and maintenance capabilities. As the market leader in cleanroom production, Angstrom Technology serves some of the world’s most respected companies in industries such as aerospace, defense, technology, pharmaceutical, automotive, gene therapy, medical packaging, medical devices, etc. Angstrom’s passion is to provide our customers with the most effective and efficient designs, superior quality and exceptional service. For more information, please visit www.angstromtechnology.com.
About Specific Environments Limited
SEL has over 40 years of experience and a proven track record as a design and engineering company specializing in the life sciences, cell and gene therapy, biotechnology, and pharmaceutical end markets. The company supports all aspects of the design, construction, compliance and maintenance of cleanrooms, containment and other complex controlled environments for its customers. SEL is headquartered in High Wycombe with an additional office in york. For more information please visit https://www.specific-environments.co.uk/
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SOURCE Angstrom Technology