MBO at Measurement Solutions provides platform for growth

2 mins read

A management buy-out (MBO) at UK metrology equipment and software provider Measurement Solutions has seen new shareholders buying into the business with a view to leading a focused expansion. The Peterborough and Derby-based company will now be owned by IDT Group, a newly registered investment platform of IDT Group directors Andrew Tagg and Iain Caville, through the sale of 100% of the shareholding in Measurement Solutions.

IDT Group, which is an acronym for Industrial Digital Technologies, will have a shareholding that now comprises Tagg, formerly the business development director of Measurement Solutions, and the original founders of Measurement Solutions, Iain and Barbara Caville.

The Measurement Solutions management board will now comprise of Tagg as managing director and Jason Bridge as sales director, while the existing directors and owners of Measurement Solutions, Iain and Barbara Caville, are standing down and will no longer be directly involved with the day-to-day running of the business. Tagg brings with him around 15 years’ experience within the portable metrology industry, with success in both UK and global sales management roles. Caville is well known within the UK metrology sector, having over 30 years’ metrology experience with a range of major players, and for the past 21 years with Measurement Solutions.

Announcing the changes, Caville reveals that the key growth opportunities for IDT Group are clear and significant: “First and foremost, the Measurement Solutions brand will continue to provide customers with solutions in the fields of 3D inspection software, portable metrology solutions such as 3D scanning, and fully automated metrology that includes CMMs and automated industrial robot inspection. From that point of view, nothing will change. However, we also want to expand further into the digital measurement and information sectors, predominantly around the current trend in manufacturing automation and data exchange known as Industry 4.0. In addition, we see an opportunity to work with other technology partners who may not wish to invest resources at this time in the UK, especially with the challenges of Brexit. So, this transaction is beyond just an ownership change: it is driven by an aim to create a platform for growth with a clear strategic direction.”

Since 1998, Measurement Solutions has been the UK partner and reseller for companies including Metrologic Group (France), Creaform (Canada), Q-DAS (Germany) and Coord3 (Italy). Adds Caville: “The organisation has seen phenomenal year-on-year growth over the past five years, but the strategic positioning and rapid success of the company has also limited the opportunities for development and expansion into other market sectors, and working with other partner companies. The new organisation enables our existing brand to focus on what it does best, while providing the structure to consider other markets and industry players going forward.”

There are no immediate plans to expand the current team of 15 employees, as the management wishes to consolidate and adjust to the new organisational structure. However, IDT Group intends to maintain its position as a reseller for industry partners, as Tagg explains: “Unlike the major OEMs who can only supply ‘own brand’ products, our goal is to always provide the right solution by selecting and combining the latest technologies according to the customer’s specific requirements. As an independent group of companies, we can develop our own strategy and align our structures in an even more targeted manner to the needs of our market and customer segments.”

In conclusion, Caville says: “It has long been my wish as the original founder of Measurement Solutions to ensure a stable future for the company, its team of dedicated employees, and long-term partners who rely on our activities. We are delighted to have had the chance to put a plan in place with a great new shareholder and management team, and to have the opportunity to be part of an exciting new chapter for IDT Group and Measurement Solutions.”