National maintenance services provider The Deritend Group, advised by Springboard Corporate Finance, successfully acquired gearbox and power transmission speacialist RMB Engineering Services.

The deal extends the scope of Deritend’s business with additional machining, fabrication and engineering capacity together with new branches in Dundee, Middlesborough and West Bromwich increasing the group’s geographical coverage.

Richard Hale, Managing Director of The Deritend Group commented “this acquisition is part of Deritend’s strategy to enhance its mechanical engineering skills base, underpinning plans to move Deritend Group further into the provision of onsite engineering solutions supported by World class service centres”.

Justin Sparks from Springboard Corporate Finance, who acted as advisors to The Deritend Group, commented “this acquisition provides Deritend an excellent opportunity to further develop the group and in the process providing new opportunities across the business.”

Posted: 31/08/2007