Caledonia has acquired a majority stake in Deep Sea Electronics, the world’s leading designer and manufacturer of precision engine and generator controls, in a transaction that values the business at £162m.
Headquartered in Hunmanby, Yorkshire, with over 170 employees, DSE operates globally, selling into over 150 countries.
The transaction continues Caledonia’s model of investing in established businesses with good growth potential along with strong cash generation, supporting a progressive dividend policy.