Dunedin's CET bolts on Omega

The acquisition will expand the range of testing services provided by the consolidated group and expand its presence in the UK.

The deal marks CET's 13th bolt-on under Dunedin's stewardship and comes just four weeks after the company bought materials tester Construction Testing Solutions (CTS) for £3m.

The GP said CET has increased its revenues by 75% in the past three years. As a result of its acquisitive strategy, the company currently provides services to the infrastructure, civil engineering, construction, property and insurance sectors.

Previous funding
In August 2005, Sand Aire Private Equity invested £5m in the £15m management buyout of CET, with HSBC providing a £7.5m debt package to support the deal. Later that year, Dunedin acquired Sand Aire from its parent group and inherited a portfolio including CET.

Company
Headquartered in Chesterfield and founded in 1996, Omega calibrates and repairs meters related to electricity, mass, pressure, temperature, humidity, gas and hydraulic compression. Its clients include Bombardier and JCB.

People
Dunedin – David Williams (senior partner).
CET – Bob Blunden (CEO).

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