M&A Deal Summary

Ring Automotive Acquires Carnation Designs

On September 30, 2016, Ring Automotive acquired automotive company Carnation Designs from Checkit

Acquisition Highlights
  • This is Ring Automotive’s 1st transaction in the Automotive sector.
  • This is Ring Automotive’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-09-30
Target Carnation Designs
Sector Automotive
Buyer(s) Ring Automotive
Sellers(s) Checkit
Deal Type Divestiture

Target

Carnation Designs

West Yorkshire, United Kingdom
Carnation Designs Ltd. is a manufacturer of electrical management solutions for the specialised emergency and commercial vehicles markets.

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Buyer(S) 1

Buyer

Ring Automotive

Leeds, United Kingdom

Category Company
Founded 1974
Sector Automotive
Revenue 40M GBP (2011)
DESCRIPTION

Ring Automotive Ltd. provides lighting and electrical parts for transport and automotive companies, and operates three divisions – Ring, Van-line, and BMAC. Ring Automotive was founded in 1974 and is based in Leeds, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Checkit

Cambridge, United Kingdom

Category Company
Founded 1948
Sector Electronics
Employees161
Revenue 14M GBP (2025)
DESCRIPTION

Checkit is a technology group that designs, manufactures, and markets engineered products that are vital to a connected world. Checkit was founded in 1948 and is based in Cambridge, England.


DEAL STATS #
Overall 2 of 8
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 2 of 7
Country: United Kingdom M&A 2 of 8
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-25 Agar Scientific

Stansted, United Kingdom

Agar Scientific is a manufacturer and distributor of scientific laboratory equipment, with a focus on electron microscopy consumables. Agar Scientific Ltd. provides a fast, efficient service ensuring microscopists can purchase, with ease, from an extensive range of quality specialist materials and equipment. Agar Scientific was founded in 1981 and is based in Stansted, United Kingdom.

Sell £2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-02 Wallace Instruments

England, United Kingdom

Wallace Instruments Ltd. is a manufacturer of rubber testing instruments. Wallace began as general engineers in 1901 working for local Croydon companies and successfully developed a range of machines for the confectionery and food canning industries. In the late 1930's Wallace became involved in joint development programmes with the Rubber and Plastics Research Association and undertook the design, manufacture and sales of test equipment to evaluate the physical properties of rubber and other polymeric materials.

Sell -