An Enniskillen-based electronics company has acquired a Scottish business as part of its UK expansion.
Elite Electronic Systems has announced the acquisition of CB Technology, an electronics manufacturing firm in Livingston, from Maven Capital Partners.
Elite Electronic Systems provides high-quality advanced electronics manufacturing services.
CB Technology, which has 25 years of industry experience, specialises in sectors such as energy and power monitoring.
Jonathan Balfour, chief executive of Elite Electronic Systems, said: "This acquisition is a pivotal step for Elite as we continue to grow and innovate in the EMS industry.
"The addition of CB Technology’s specialised expertise and strong market presence will allow us to deliver even greater value to our customers.
"We are excited to welcome the CB team to the Elite family and look forward to achieving new heights together."
The acquisition of CB Technology is the first step in Elite's ambitious buy-and-build journey, aimed at driving growth through strategic acquisitions and partnerships.
The combined entity will benefit from shared market intelligence, expanded resources, and increased manufacturing capabilities.
Stefan Smith, investment director at Lonsdale Capital Partners, which supports Elite’s growth strategy, said: "We are thrilled to back Elite in this strategic acquisition.
"By joining forces with CB Technology, Elite is well-positioned to accelerate its growth trajectory and enhance its service offerings across key industries.
"This partnership underscores our confidence in Elite’s future and its potential for continued success."
Elite Electronic Systems remains committed to maintaining the high standards and customer-centric approach that have been the foundation of its success. The company will work closely with CB Technology’s leadership and broader team to ensure a seamless integration process that preserves the strengths and culture of both organisations.
John Cameron, Managing Director of CB Technology, added: “We are proud of what we have achieved at CB Technology and are excited to join forces with Elite, a company that shares our vision and values. Together, we will be able to offer enhanced solutions to our customers and create new opportunities for our employees.”
The acquisition positions Elite as a powerhouse in the EMS market with a revenue exceeding £50 million.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here