Company: Aage Hempel Group, Charity & Taylor
Business Type: Marine Electronics
UK & International Business Sales and M&A News
Aage Hempel Group, a marine electronics company which works within the global maritime sector, has bought the technical solutions specialist Charity and Taylor.
One of the largest marine electronics groups in Europe, Aage Hempel Group is a subsidiary of Grupo Arbulu.
Grupo Arbulu comprises a group of companies specialising in marine electronics, satellite communication and IT solutions on board vessels, and has 120 people in 20 subsidiary offices worldwide.
It works within the global maritime sector, specialising in the service, sales and installation of an extensive range of electronics equipment.
Ioannis Papaefthymiou, MD of Aage Hempel Group commented:
“We are excited to share Charity and Taylor is becoming a part of Aage Hempel Group. This addition further expands our abilities and opportunities, especially in the UK market.
”Very importantly, it is in full alignment with our core business, given customers around the world want us as their tech partner.
“They need a reliable partner that can deploy the best solutions and cutting-edge technology, but with maximum efficiency and competitiveness. Aage Hempel is devoted to humbly providing the same high level of service to all customers, both big and small.”
Ioannis Papaefthymiou - MD of Aage Hempel Group
Marine electronics company Charity and Taylor has been operating since 2004 in the UK and provides technical solutions and support to the maritime sector, with superyachts accounting for around 20% of its revenues last year.
Originally founded in Lowestoft, now with offices in Great Yarmouth, Aberdeen, Falmouth and Grangemouth, Charity and Taylor specialises in the supply of ship equipment, satellite communications and commercial marine electronics.
Nigel Darling, former chief executive and owner of Charity and Taylor, commented:
“Through consistent work, we managed to bring Charity and Taylor among the reputable companies in the UK. The acquisition by Aage Hempel Group ensures the continued growth which is important both to our staff as well as our customers.”
Nigel Darling - former chief executive and owner of Charity and Taylor
Grupo Arbulu is looking ahead to future collaborative plans following the acquisition of the marine electronics company.
Iñaki Arbulu, CEO of Grupo Arbulu, said:
“Charity and Taylor is a solid company in the UK which will contribute very positively to Aage Hempel Group growth, and potential synergies for expansion for other specialised companies within Grupo Arbulu, especially within the merchant, fishing, and megayacht niches. We are very excited to have a new member onboard, and the great plan for the future together.”
Iñaki Arbulu – CEO of Grupo Arbulu
A spokesman for Charity and Taylor commented on the benefits for both companies following the acquisition.
Rodger Perks, the newly appointed managing director of Charity and Taylor, said:
“Charity and Taylor is both well-placed and highly-regarded in the offshore support sector operating from Aberdeen, Grangemouth and Great Yarmouth. The business in Falmouth specialises in the high-end yacht market with equipment supply, support and installation, as well as satellite connectivity.
“Aage Hempel Group will add a new and important worldwide focus enabling Charity and Taylor access to an expanded range of products, services and technical resource, providing entry into new international business sectors while Aage Hempel Group will gain a mature, strategic hub at a critical time as the UK leaves the EU.”
Rodger Perks - the newly appointed managing director of Charity and Taylor
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