Caledonia exits DSE to trade in £242m deal

The GP’s exit comes nearly three years after it acquired DSE in a deal that valued the company at £162m.

The trade buyer is listed on the New York Stock Exchange and is a designer and manufacturer of energy technology solutions and other power products.

Caledonia said in a statement that the company had grown strongly under its ownership, by having secured a larger share of its core target markets, developed additional products, captured adjacent market opportunities, and by addressing the needs of a growing number of customers seeking distributed power solutions enabled with intelligence and data capture.

Company
Founded in 1975 and headquartered in Hunmanby, Yorkshire, DSE designs and manufactures generator control modules, auto-transfer switch controllers, engine and off-highway control modules and intelligent battery chargers.

According to its most recent public filings, the company generated £38.8m in revenues and £16.6m in operating profit for the year ending on 31 May 2020.  It employs 180 staff. 

People
DSE - David Thomson (CEO).
Caledonia Investments - Duncan Johnson (head of private capital).

Advisers
Vendor - GCA Altium (corporate finance); Taylor Wessing (legal); Deloitte (tax). 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• UK / Ireland
• Industrials
• Caledonia Investments
• United Kingdom
• Trade sale