# 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.

- Type: Acquisition
- Announced: 2019-09-11
- Where: Peterlee, County Durham, United Kingdom
- Value: $11.3M (9.20M GBP)
- Status: announced
- Products: rechargeable battery packs, charging equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Alexander Technologies Europe](https://endata.com/companies/42036.md) (target)
- [Shard Credit Partners](https://endata.com/companies/42037.md) (investor)
- [Woodside Capital Partners](https://endata.com/companies/42038.md) (partner)

## Sources

- [business-live.co.uk](https://www.business-live.co.uk/manufacturing/new-jobs-expansion-north-east-16901200), 2019-09-11: "The investment plans include the move to the new base, plus the creation of new jobs at its main site in Peterlee."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.