Transaction Tyro Remotes

Tyro Remotes has built a strong brand name, with products that carry high-level certifications. To accelerate further growth, the company sought to combine its commercial strength with that of a strategic partner, prompting shareholders to look for a suitable acquisition candidate.

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Sale: Tyro Remotes

Sale: Tyro Remotes

Corporate finance

Tyro Remotes is a successful and fast-growing developer, manufacturer and supplier of radio remote controls and wireless emergency stop systems for industrial applications. Tyro has built a strong brand name with products that carry high-level certifications and serves clients operating at the upper end of the market across a wide range of sectors, with a particular focus on Europe.

The current shareholders have invested great energy and dedication in establishing the unique market position Tyro Remotes enjoys today. With significant opportunities for growth both at home and abroad the company recognised that this development could be accelerated by combining commercial strengths with a strategic partner. On that basis, the shareholders set out to find a suitable acquisition candidate for Tyro Remotes.

Jeroen Martens Senior corporate finance advisor

Specialist in mergers and acquisitions

My name is Jeroen Martens and I have been advising and guiding mergers and acquisitions since 2006. What I enjoy most is the contact with you as an entrepreneur: it's about the dream or vision you have as an entrepreneur, its realization, and its success. Mergers and acquisitions are complex processes, in which an experienced advisor and guide can offer a lot of added value. With my knowledge and experience, I can help you turn your dream into a success.

Cattron

The American Cattron proved to be the best fit for Tyro Remotes. Cattron is a global supplier of intelligent control solutions. Cattron is a global supplier of intelligent control solutions. with its product portfolio including wireless remote controls and emergency stop products for material handling applications, remote controls for locomotives, and cloud-based monitoring and control solutions for engines, pumps, generators and wastewater systems.

By acquiring Tyro Remotes, Cattron strengthens its position in the global market, while the complementary product portfolios of the two companies create added value for customers. Tyro Remotes will continue to operate as an independent business within the Cattron Group.