Angstrom Technology, a West Michigan cleanroom engineering company and portfolio company of ASGARD Partners & Co. announced its third acquisition in six months, the UK-based Specific Environments Limited (“SEL”). This acquisition will bring Angstrom Technology’s cleanroom expertise to greater markets throughout Europe and will build on the organization’s specialized design and engineering capabilities.
Also Read: Arkuda Raises $64 Million Series B Financing to Advance Pipeline of Programs
As part of the transaction, Peter Saunders, Managing Director of SEL, will continue to lead the business alongside the existing management team.
“This is another big milestone for Angstrom,” said Matt Isard, CEO of Angstrom. “SEL’s strong design and engineering capabilities will give Angstrom a more integrated commercial approach and allow us to work even more collaboratively with our customers to drive value. This acquisition accelerates the next stage of growth for the organization all while retaining our core values and commitment to quality, service, and innovation.”
Karan Rai, Managing Partner of ASGARD, said, “The SEL acquisition adds a significant in-house design and engineering competence to our existing platform. We are committed to building a highly customer-centric and full-service global company in this space. This is our third add-on acquisition to the Angstrom platform in the past six months and is just the continuation of a long-term growth strategy focused on consolidating the cleanroom and controlled environment industry. We are excited to welcome the talented SEL team into the Angstrom family.”
Peter Saunders, Managing Director of SEL, said, “We are thrilled to be partnering with Angstrom and ASGARD and continuing our momentum following this exceptional year of growth. We believe this partnership will help us meet the growing demand from our customers and enable us to work with larger organizations in delivering fully customizable and turnkey cleanrooms. I believe the combined company is poised for significant growth as it continues to expand its global footprint.”