• Swindon & Wiltshire M&A, deals
• Thursday April 24 2025

British military contractor acquired by Swedish firm – with help of Swindon corporate finance specialist

A Swindon-based corporate finance firm has helped a British military contractor secure a major deal with a Swedish firm.

Watersheds played a crucial role in helping Milton Keynes-based AMP Power Protection (APPL) in its acquisition by Addtech Nordic AB.

AMP Power Protection supplies ruggedised uninterruptible power supplies to the defence sector, as well as supporting the marine, energy, and transport industries.

The recent commitment by the EU and UK government to increase defence spending has opened up significant growth opportunities for the firm.

The acquisition was led by Jessica Painter, partner at Watersheds, together with an experienced team familiar with the nuances of acquisitions in the sector.

Given the national security implications, the deal required Cabinet Office approval under the UK’s National Security and Investment Act (NSIA), a process in which Watersheds has considerable experience.

“This transaction is yet another example of how Watersheds consistently delivers results beyond expectations,” explained Jessica.

“Despite being a boutique firm, we have the expertise and network to engage with large, international, cash-rich buyers, ensuring that our clients receive the best possible outcome.

“Our tailored approach and deep understanding of APPL’s growth trajectory allowed us to time the sale perfectly, maximising shareholder value.”

The acquisition marks a strategic expansion for Addtech in the UK, enhancing its presence in the defence and industrial sectors while aligning with its existing business, Celltech. Addtech’s investment will support APPL in developing next-generation ‘eco’ products while maintaining its existing management team and operational independence.

Martin Peacock, CEO of APPL, added: “Watersheds brought a number of buyers to the table, allowing us to secure the best custodian for APPL’s future.

“Their expertise, patience, and strategic approach ensured that we found the right partner in Addtech, a company that shares our commitment to innovation and long-term growth.”

Pictured: Jessica Painter of Watersheds, Andy Parfitt, AMP Power Protection’s CEO and Josh Jones, Watersheds