Wolverhampton-based fueling equipment company, Merridale, has been acquired by Swedish industrial group Teqnion.
It marks Teqnion’s seventh acquisition through KBS Corporate in less than two years, adding Merridale to its portfolio, which includes Stanwell Group, Surge Protection Devices, Nubis Solutions, Avelair, UK Lanyard Makers and Awarded 2U.
Founded in 1994, Merridale is a commercial fueling manufacturer, designing and developing a full range of in-house equipment—from single pumps to complete turnkey solutions.
Its systems are installed at over 5,000 sites across the UK, Ireland, the Channel Islands and the Netherlands, with ongoing maintenance, calibration, and software support.
Company co-founders Paul Ledbury and John Russell enlisted KBS Corporate to facilitate the sale and will both remain in place to oversee the transaction.
Ledbury said: “John and I founded Merridale 30 years ago, and as we now begin to approach retirement age, it has become imperative for us to make provision for the long-term future of the business, our employees, and our customers.
“We are delighted that in Teqnion we have found a company who will respect our legacy and protect the integrity and reputation of the business and the Merridale brand in the years to come. We shall continue to work in the business to effect a smooth transition in ownership and support the business as it moves forward.”
Johan Steene, CEO of Teqnion said: “We are delighted to welcome the Merridale team to the Teqnion family. Precise fuel management is essential for a successful and sustainable business, and Paul, John, and their colleagues have the perfect system to make it happen.”
George Barnes, KBS associate corporate director, led the transaction and said: “I’d like to offer my congratulations to Paul and John,” said George. “Working with them was a pleasure,
along with their solicitor, Hitesh Punjani of Keelys. It was also great to work with Daniel Zhang, the CXO of Teqnion, who is an extremely professional company. I very much hope we will be working together again in the future.”
