Vickers Electronics Limited, a specialist in energy management systems, has undergone a £7.2m management buy-out backed by venture capitalist EV and PHD Equity Partners LLP and with funding from Yorkshire Bank Corporate & Structured Finance.
The deal gives control of the business to a management team led by David and Alison Hilton, who are joined by incoming Chairman, Ian Cameron.
Vickers Electronics, which was founded in 1991 and has 29 employees, is based in Trafford Park, Manchester. It designs, installs and maintains energy management systems which regulate temperature in large commercial premises. The company’s clients, which currently include Stagecoach, Magnet and Boots, are guaranteed savings on their heating bills and on average achieve reductions of over 40 per cent.
Its key product, the Vickers Energy Management System, is the only one of its type to have won The Queen’s Award for Environmental Achievement, an approval which is unique in the energy control market.