Alexander Technologies Europe acquired by management team in £9.2m MBO deal

Alexander Technologies Europe Ltd (ATEL), a County Durham battery manufacturer, was acquired by its management team in a deal part-funded by a £9.2m facility from Shard Credit Partners. The deal includes plans for a new manufacturing and warehouse site and job creation.

“The investment plans include the move to the new base, plus the creation of new jobs at its main site in Peterlee.”business-live.co.uk

• 1 source
• business-live.co.ukNew jobs and expansion for North East battery manufacturer amid £9.2m MBO deal | Business LiveCoreena FordSep 11, 2019

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