Convex has advised the Shareholders of Swift-Cut Automation Limited, a leading manufacturer of light industrial CNC plasma and waterjet cutting machines, on their sale to ESAB Corporation, a world leader in fabrication technology.
Founded in 2011 in Burton-on-Trent, Swift-Cut has grown from its UK headquarters, to become a global provider of best-in-class CNC plasma cutting systems for light industrial fabrication. Designed and manufactured in-house, Swift-Cut has total control over product design and innovation, providing industry-leading solutions to engineers across the light-industrial sector.
Swift-Cut has an established customer base of more than 4,000 systems installed in more than 30 countries around the world from Australia to Mexico, and recently expanded into the United States with offices in Plymouth, Massachusetts. Swift-Cut tables are designed, engineered, and manufactured in the U.K., Germany, and the U.S.
The acquisition complements ESAB’s global leadership portfolio in high-precision, high-productivity, heavy-duty automated cutting systems, plasma beveling, CAD/CAM software and cloud-connected cutting analytic tools with tailored machines and solutions for light industrial fabricators.
“As a management team we were extremely impressed with how Convex operated as a team right from the start. They set out clear expectations, provided guidance at every step, created an excellent buyer pool, negotiated multiple offers and ultimately achieved a very successful conclusion for the Shareholders and for the ongoing legacy of the Company.”
Neil Smith, Group CEO
