Easby Group, the specialist electronics company, announces the acquisition of Matrix Electronics, an electronics kitting and supply chain solutions provider. The deal has been completed on 24th May 2023 by its subsidiary business, Delta Impact, and is a major milestone in Easby Group’s strategic development to become the independent technical distribution partner of choice, for a full range of added value services across electronics supply chains.
Today’s announcement follows the £24million management buy-out of Easby Group which was backed by NVM Private Equity in February 2022.
In their own right Delta Impact and Matrix Electronics have enviable reputations for services delivered to Electronics OEM and EMS/CEM customers. The combined business will take the sector to the next level by bringing scale, expertise and service capabilities to create the industry’s leading electronics supply chain solutions business in the UK.
With a new office in Newbury, the imminent opening of a world class warehouse & logistics hub in Thatcham, and continued investment in both people and facilities, the team are building a powerhouse in electronics supply chain management.
Delta Impact MD, Eamon Francis commented: “This is a significant step in our goal to be the electronics industry leader in kitting and tailored solutions that help customers to optimise their electronics supply chain performance. On a personal level, I am delighted to be welcoming David Piddington, Delta Impact’s founder, back into the business.”
Matrix Electronics MD, David Piddington commented: “We are thrilled to be joining the Easby family. The Matrix and Delta Impact businesses are highly complementary and the merger of skills, knowledge and shared values in our new combined facilities will take us to new heights and create the next chapter in our growth story.”
Easby Group Chairman, Jonathan Simpson-Dent commented: “We are excited to bring together two dynamic and focused businesses under Eamon and David’s joint stewardship. This is an important step on our journey to expand Easby Group into a real market leader in electronics supply chain solutions.
Advisors on the deal were:
- Legals – Womble Bond Dickinson – Ben Butler, Oliver Rickett, Paul Armstrong & Bede Finnigan
- Financial Due Diligence – Crowe – Bob Alsop, Edward Elliot & Ben Allday
- Commercial Due Diligence – Graph Strategy – James Tetherton