Clyde Pneumatic Conveying Limited has been sold to Swedish-listed technology solutions group Addtech for an undisclosed sum.

Doncaster-based Clyde Pneumatic Conveying is a leading manufacturer of pneumatic conveying products and systems – and a provider of aftermarket spare parts and services, predominantly for clients operating in the energy, industrial and process related industries.

After more than five decades of growth, the company has been acquired by Swedish organisation Addtech Nordic AB.

Addtech is a decentralised organisation that partners the flexibility, personality and efficiency of small businesses with the scale, resources and network of a large company.

Clyde’s shareholders were advised on the sale by Knights.

The team was led by Partners Victoria Inness and Philip Goldsborough, with support from Matthew Broadbent, Josh Temple and other experts from across the business. They worked alongside Oliver Hoffman, Arran Smedley, Thomas Wrigglesworth and Chloe Ellis from Mazars.

Victoria Inness, Partner at Knights, said:

“It was a pleasure to work with Steve Cragg, Miles Ratcliffe and the selling shareholders and advise them on this important transaction. 

“The growth of the business has been hugely impressive over the past three years and we know from our experience advising in the sector that there are huge opportunities ahead as the energy transition gathers pace.  We also really enjoyed working with the team at Mazars.”

Addtech AB has acquired 100% ownership of Clyde and, with its deep technical application knowledge, Clyde will complement Addtech’s business unit Process Systems.

Steve Cragg, Managing Director and former Shareholder of Clyde, said:

“The Knights and Mazars teams guided us through the sale process with professionalism, responsiveness and plenty of smiles and were great to work with

“In Addtech, they found a buyer that is an excellent fit that will enable further growth and development of the Company.”

Knights is one of the fastest-growing legal and professional services businesses in the UK. With 23 offices nationwide, Knights is ranked within the top 50 UK law firms by revenue – with specialists in all key areas of corporate and commercial law.