A multimillion-pound deal has been agreed by Cheshire-based nZero Group to buy Orbital Gas Systems, from its US-based parent company, Orbital Energy Group. The acquisition complements nZero Group’s subsidiary, Thyson Technology.
Orbital Gas Systems is based in Stone, Staffordshire, and specialises in the design, installation, commissioning and maintenance of industrial gas sampling, measurement, and delivery systems.
It will see the enlarged group employ more than 150 people with a combined turnover in the region of £16m. Over the next three to five years the company expects to create more than 50 highly-skilled jobs, while continuing to invest in people to create its own talent for the future through apprenticeship and graduate programmes, minimising the impact of UK-wide skills shortages.
The acquisition was backed by NVM Private Equity, the majority shareholder of nZero Group. Andy Leach, partner at NVM Private Equity, said: “The combination of Thyson and Orbital creates a business with extensive resource, expertise and technologies that is well positioned in its niche markets.”
PMSI provided CDD on the hydrogen market opportunity for Thyson Technology, covering key market drivers and investment roadmaps as well as analysis of the competitive environment. Andy Leach commented: “PMSI provided a comprehensive review of the commercial opportunity in the hydrogen sector, which backed up management’s analysis and gave us the confidence to invest.”
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