HMT advised the shareholders of ICAM Limited (“ICAM”) on its disposal to VSK Group, a Belgian based provider of sophisticated electronic security systems.
ICAM was founded in 1987 by Managing Director and majority shareholder, Alasdair Williamson. Through continual investment in research and product development, combined with Management’s knowledge and expertise of technologies in the aspirated smoke detection field, the Company has developed a range of market leading gas and smoke detection systems with a global market potential.
The Company has secured patents for its core technology in the UK, relevant global approvals, and distribution and supplier relationships to expand significantly worldwide in the medium term.
Andrew Thomson commented:
“We were delighted to act as lead advisors to the shareholders of ICAM on their disposal of the business. This transaction has allowed the existing shareholders to realise significant value from the business and also allows Alasdair to play a significant role in the enlarged group”.