GARBUTT + ELLIOTT ADVISES TAIWANESE ELECTRONICS GIANT ON ACQUISITION OF BRADFORD FIRM
The corporate finance team at Garbutt + Elliott and law firm Mills & Reeve have advised on the acquisition of a Yorkshire electronic display equipment manufacturer by a Taiwanese company.
Bradford-based , which was established in 1988, has been acquired by display solutions provider Coretronic Corporation for an undisclosed sum.
Calibre manufactures electronic display equipment including flat panel displays, image processing products and specialist scalers. The company also provides image scaling and processing technologies for use in digital cinemas, large venue projection, surgical medical applications and television studios.
The sale will see Finance Yorkshire, which invested in Calibre in January 2016, exit the company.
A team from Yorkshire accountancy firm Garbutt + Elliott, led by partner Tariq Javaid, provided lead advisory and due diligence for the acquisition of Calibre.
Tariq Javaid, partner at Garbutt + Elliott, said: “We are very pleased to have assisted Coretronic as part of this acquisition, using our experience in completing similar deals within the technology sector.
“The purchase of Calibre will not only complement Coretronic’s existing product range, but strengthen its position in image processing products on a global level, providing a platform for further growth.”
Coretronic Corporation, which is listed on the Taiwanese stock exchange, employs more than 17,000 people worldwide and has annual sales of more than $2bn (£1.5bn).
Shubhu Patil, principal associate in the corporate team at Mills & Reeve which advised Coretronic Corporation said: “We are delighted to advise on this acquisition. Calibre has firmly established itself as a UK leader in the electronic display equipment market and its products and innovative technology will be an excellent fit within Coretronic Corporation.”
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