IDE Systems (Holdings) Ltd has today announced that Wayne Woodhead, Kevin Warne and Matt Collins have successfully completed a management buyout to take over the company.
Woodhead – who has over 30 years’ experience in the product design, testing and engineering sectors continues as Group Managing Director, with Warne as Group Sales Director and Collins as Operations Director.
The company will also be appointing a Rental Operations Director and Financial Director in the next few weeks.
New Managing Director Wayne Woodhead believes that the takeover marks a significant step forward for the company.
“We are committed to the continued growth of the business and believe that it is important to thank those who successfully laid the foundations for IDE to become the formidable, dynamic business that it is today.
With the introduction of our smart power distribution later on in the year, combined with our strong brand and dedicated personnel, we believe that IDE can push forward and continue to grow in the market.
It’s business as usual, as far as our customers are concerned. We continue to help them plan ahead and futureproof their procurement needs, by ensuring that they get the best from IDE’s expert services. We remain committed in developing solid supply chain partnerships to ensure that we deliver the best possible service to our customers.
We now have a team in place that can take the company to the next level and our unique business model of rental and manufacturing, along with investment into new technology, will give us the competitive edge that is required to support the market for years to come.”
Outgoing owners Ian and Sue Thomas commented “Having owned and led IDE since it was established in 1994 we were keen to make sure it continues to grow into the future, yet be able to exit. Having appointed the management team last year we are very pleased to have completed the handover and wish them all the success for the future”.