600 Group acquires Control Micro Systems

600 Group, the industrial engineering company, has announced the acquisition of US-based Control Micro Systems (CMS), a leading solutions provider for integrated laser applications.

CMS provides turnkey, custom-designed and fully-automated laser process machines and systems to a diverse base of US and international blue-chip customers across a range of industries, including industry-leading positions in the high-growth precision medical equipment, pharmaceutical and aerospace sectors.

The use of industrial lasers continues to expand worldwide, providing a large and growing market opportunity as laser systems become a mainstream and integral manufacturing process.

The acquisition of CMS is highly complementary to the group’s existing laser business, enhancing its customer offering by providing ever more sophisticated, value-add and custom solutions to customer requirements whilst CMS will likewise benefit from the group’s established sales platform and marketing capability.

The business is being acquired from founder and sole Tim Miller, who will remain with the business for a minimum period of three years to oversee the transition and provide technical expertise.

The business has grown consistently over recent years with revenues for 2018 of $11.6 million, generating a reported pre-tax profit of $1.2 million. Gross assets at the end of 2018 were $7 million including cash and cash equivalents of $3.1 million.

Paul Dupee, executive chairman of 600 Group, commented: “The acquisition of CMS significantly enhances the group’s laser business and marks a further step forward in our strategy of building a global business across increasingly diversified niche markets worldwide.

“CMS has a long-established track record for delivering high quality customer solutions and will likewise benefit from the group’s established sales platform and marketing capability.”

600 Group www.600group.com