IMC Group Acquires Digital Test Equipment Experts Horizon Global Holdings
The IMC Group has announced its acquisition of Horizon Global Holdings Ltd and its trading subsidiary Horizon Global Electronics Ltd (Horizon), as a strategic and important part of its continued development and growth strategy. The terms of the deal were not disclosed.
Horizon designs, manufactures and distributes high quality satellite, cable and terrestrial signal strength meters in a high growth market, and first came to prominence as developers of the HDSM satellite meter for use in the UK by BSkyB installers. It now has repair and service centres in the UK, Germany, USA and India.
The IMC Group - with UK headquarters in Letchworth's Jubilee Road - provides the heritage, healthcare, industrial and food sectors with tailored environmental monitoring solutions that deliver vital information from environmental parameters such as temperature and humidity through to the condition of goods and infrastructure during operation, storage and transportation.
IMC Group MD Ian Robinson said: "IMC has doubled in size due to our focus on new technology as proactive designers and creators of innovative instrumentation products and this latest acquisition fits ideally into our future expansion plans and brings to the Group an opportunity to diversify with a new range of products in different markets, with the benefit of a strong brand name. "
The acquisition of Horizon further maintains IMC's core specialisation in electronic instrumentation and strong brand identity and Horizon will now stand alongside the other leading Group brand names of Hanwell, IceSpy and ShockWatch.
Horizon's UK base is currently in Harlow, only 30 minutes from IMC's UK HQ and will be quickly integrated into the IMC Group at its Letchworth facility to ensure the smoothest adoption takes place, and full assistance will be given to all employees to ensure the whole experience is as positive as possible.
"The IMC Group was formed and subsequently grown from a series of mergers and acquisitions and we shall be continuing that growth both organically and by further acquisitions," added Mr Robinson.