Falmouth-based specialist electronic engineering company Neopartners has been acquired by Avalon Sciences for an undisclosed sum.
Neopartners was established in 2005 by Mike Manning and designs, develops and produces harsh environment electronics systems for the global oil, gas and geothermal industries.
The acquisition will see Neopartners continue to trade under its existing brand, with Manning remaining a director of the business.
All staff at Neopartners are being retained and will remain at the office and workshop in Falmouth Business Park.
CEO of Somerset-based Avalon Sciences, Gary Tubridy, said: “The two companies are a perfect fit. Neopartners’ expertise will give Avalon Sciences a huge boost in its high temperature electronic design capability and Neopartners will benefit from Avalon’s in house testing and manufacturing resources”
Manning added: “We have a long-standing business relationship with Avalon Sciences, gaining a mutual understanding of each other’s expertise. The arrangement will give us direct access to the resource we require to attract larger contracts and inevitably grow the business in Cornwall.
“We have already started recruiting for an electronic engineering graduate and expect more opportunities will arise as a result of the acquisition.”