Micro Materials Ltd (MML), leaders in nanoindentation and nanomechanical measurements, announced that Spantech Products Ltd of Surrey, UK has acquired a majority holding in MML as part of a management supported buyout arrangement.
Paul Grasske, who will continue in place as managing director, said that this new arrangement will allow MML to accelerate its present growth path. The greater availability of investment funds will allow MML to target additional opportunities. All staff will be kept in place and no major changes are planned in the global distribution network.
Dr Krish Narain, sales director at Spantech Products, will take the role of business development manager at MML. He said that one of the main attractions of MML was that it was a truly independent manufacturer, possibly the last one left in the nanoindentation sector that can react flexibly to customer needs, offer collaborative projects and support leading edge innovative research in this field.
Krish was formerly at MML from 2001 to 2006 as their sales manager, and more recently managed the European and Middle East operations of a key competitor for almost 10 years. He brings a wealth of experience having previously been a national distributor for MML as well.
Micro Materials Ltd is a Wrexham based company that manufactures a range of nanomechanical measurement instruments that sell into academia and industry. Founded in 1988, the company’s product range includes their research driven Vantage instrument, high temperature Xtreme products and the new low cost Core range.
Spantech Products Ltd, based in South Godstone, Surrey, was founded in 1977 by Dr Chandramani Narain and remains a family owned business. It specialises in calibration gas instrumentation and calibration solutions.