HMT advised SDI Group plc, the buy and build group, focused on companies which design and manufacture specialist lab equipment, industrial & scientific sensors and industrial & scientific products on their £9.3m acquisition of PRP Optoelectronics.
PRP produces custom made, high performance microLEDs and LED devices, with its products delivering precision illumination from infra-red through to ultra-violet in a range of applications. PRP’s ability to offer complete in-house capabilities from semiconductor wafer processing to final system assembly, means it can deliver bespoke solutions for demanding applications such as avionics displays, thermal imaging and water and air purification systems.
The acquisition of PRP extends SDI’s footprint into the resilient and lucrative aerospace and defence sector, including a stable blue-chip customer base and revenues primarily linked to overseas end markets.
Further, the inclusion of PRP’s LED micro-displays for optical systems and UV purification products create a complementary offering to SDI, strengthening the Group’s footprint across the specialist end markets occupied by both Graticules Optics and MPB Industries.
“We are thrilled to welcome PRP Optoelectronics to the SDI Group. This acquisition is a significant step in our buy-and-build strategy, allowing us to enter the high-growth aerospace and defence sectors. Working with HMT on this transaction was a seamless experience, their professional and detail-oriented approach proved invaluable to the process”.
– James Dimitriou, Group Head of Corporate Development – SDI Group
“We are delighted to have advised SDI Group on this transaction. The acquisition of PRP represents an important milestone for SDI as they enter the avionics market. We look forward to working with them again in the future.”
– Paul Read
