Smith and Williamson has advised on the management buy-out of CKF Systems, the Quedgeley based designer and installer of robotic product handling and automation systems.
Bryan Wheeler and Paul Swift have been joint shareholders of CKF since 1995, serving clients primarily from the food, pharmaceutical and automotive sectors.
The transaction will ensure continuation of the current development path of the company and provide opportunities to capitalise on their client base.
Swift will continue with the business as a shareholder and member of the management team.
Smith and Williamson partner Iain Lownes and Ronan Brophy, from the firm’s corporate finance team, were lead financial advisors on the transaction.
Lownes said: “CKF entered 2020 with an impressive order book and the spread of COVID-19 has accelerated the adoption of robotics and automation worldwide.
“This transaction leaves the company in prime position to work with its impressive client base in the shift towards the ultimate goal of smart factories, where monitoring and maintenance can be carried out by a workforce based at home.”