Thermal Exchange Ltd is pleased to announce that it is now part of the Scientific Digital Imaging (SDI) Group.
SDI is focused on the design and manufacture of scientific and technology products for use by the life science, healthcare, astronomy, consumer manufacturing and art conservation markets. SDI plans to grow through its own technology advancements as well as strategic, complementary acquisitions. Thermal Exchange provides synergy within the existing group of companies and complements the growth strategy, it also provides an excellent match with its existing process cooling and temperature control equipment business, Applied Thermal Control.
Ken Ford, Chairman of Scientific Digital Imaging said “Thermal Exchange represents another exciting step in our Group growth strategy. Thermal Exchange is a complementary fit to the Group and provides potential areas for growth alongside a talented workforce. The acquisition is in line with our previously announced acquisition strategy and is expected to be earnings enhancing in our first full year of ownership.”
Thermal Exchange is based in Leicester. Founded in 1982, it currently employs 15 members of staff. It designs, builds and distributes process cooling and temperature control equipment for industrial, medical and scientific applications, working in conjunction with OEM’s and end users in the UK and around the world.
This acquisition presents an opportunity for Thermal Exchange to strengthen its worldwide coverage and accelerate the development of exciting new products. Collaboration with organisations within the SDI Group will provide skills and experience from other companies to extend its market presence and overall service to customers.
Chris Walker, Sales Director of Thermal Exchange said, “this is an exciting time for Thermal Exchange to join the SDI Group. The union offers an opportunity to grow the Thermal Exchange brand with the support of our new SDI colleagues. We are looking to move the company ahead in technology and scope and drive the business forward.”