Kymera International a global leading specialty materials and surface technologies company, announced today the successful acquisition of Metallisation Limited ("Metallisation"), a technology and automation leader in the thermal spray industry. Headquartered in Dudley, UK, Metallisation has been bringing the latest metal spray equipment and consumables innovations to market since 1922. This strategic acquisition will benefit both Metallisation and Kymera as the two companies combine their relative strengths to become a global leader in thermal spray applications and solutions. Metallisation will contribute greatly to the continued growth of Kymera's Surface Technologies business and their ability to deliver high-value, turnkey engineered solutions to global Tier 1 and OEM customers, specifically in the UK and the European region. This marks a significant step forward in Kymera's commitment to provide comprehensive solutions to aerospace, medical, and industrial customers in its thermal spray portfolio. This acquisition also expands Metallisation's product offerings, enhancing their market positioning and growth opportunities.

"The acquisition of Metallisation aligns with our strategic initiatives and strengthens Kymera's position in the thermal spray sector," comments Barton White, CEO of Kymera. "We will now be able to provide our aerospace customers with a vertically integrated offering that includes equipment, materials and application services. This complete package will undoubtedly benefit the growth and adaptation of the Company's HaloJet™ product offering."

"The acquisition of Metallisation has compelling industrial as well as strategic logic," adds Adam Shebitz, a Partner at Palladium Equity Partners. "This investment represents an exciting opportunity to create value through vertically integrating surface technology materials and equipment with Kymera's existing services business."

"We are extremely proud of Metallisation's history and long-standing commitment to excellence in quality, customer service and engineering support," Stuart Milton, Managing Director of Metallisation, remarks. "We have no doubt that under Kymera's leadership, we will be able to not only continue offering great products and service to our customers, but also elevate our offerings and unlock significant growth opportunities. We are excited to be joining a team dedicated to innovation and collaboration."

The terms of the transaction were not disclosed.

 

Source:prnewswire.com

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