Press release -
Italian owned OMFB Spa acquires UK based business
OMFB Spa, the Italian owned World leader in the manufacture of hydraulic components has acquired its UK based sales and distribution arm Commercial Vehicle Hydraulics Limited (“CVH”).
OMFB which has global revenues in excess of €90m adds CVH to its Group Companies in Italy, France, Spain, Australia, China and India. CVH will remain as the trading name of the business following the acquisition.
Carl Hinds, the Managing Director of CVH commented; “the acquisition by OMFB will allow CVH to increase its product and service offering in the UK for the benefit of its current and future customers.”
Philip Waterfall, the Chairman and founder of CVH said: “throughout the 30 years of partnership with OMFB, we have shared an ethos of product and service excellence. I am proud that such a fantastic and world-renowned business has decided to preserve that relationship for the future through its acquisition.”
The deal was brokered in Italy by David Nelson, Senior Partner at PKF Smith Cooper, who led negotiations on behalf of the shareholders of CVH. Legal advice to the shareholders was provided by Murray Macnab and Jennifer Geary at Ellis-Fermor & Negus. Murray commented, “It was a privilege and pleasure to work with all involved to bring this to a successful conclusion”.
Notes to Editors
An ambitious business and multi award-winning firm, we are the home of PKF in the Midlands. The region’s leading firm of trusted accountants and business advisors, we operate across key geographies in Derby, Nottingham, Birmingham, and Ashbourne.
Through our membership of PKF International, the large network of legally independent accounting firms and 11th largest network here in the UK, we are at the forefront of compliance regulations and specialise in providing high quality solutions.
Working in unison with PKF member firms across the world, we blend local expertise and extensive territorial knowledge to provide a full range of audit, accountancy, tax, and advisory services in line with the expectations and needs of the market.
For press queries, get in touch with marketing@pkfsmithcooper.com.
Topics
Categories
Regions
PKF Smith Cooper is one of the largest independently owned and preferred accountancy and business advisory firms for owner managed businesses across the Midlands. The firm specialises in providing intelligent, efficient and cost-effective bespoke advisory services to both corporate and individual clients. Smith Cooper has six offices across the Midlands including Derby, Birmingham and Nottingham.
