Hanley Controls, a leading provider of measurement services to industrial firms, has expanded its reach with the acquisition of British firm Prescisa Balances.
The consideration was not disclosed but it is believed to be in the region of €1 million.
Hanley Controls is based in Cork and Dublin, and run by Slane-based businessman Malachy Hanley.
His group comprises several separate units, including Hanley Calibration Services, whose purchase of Milton Keynes firm Prescisa Balances closed on January 1st.
This unit of the Hanley group commissions and calibrates specialist industrial equipment for industrial groups in the medical, pharmaceutical, biotechnology, food and beverage and utility sectors.
Clients include multinational groups such as Diageo, Coca Cola, Pfizer, Schering Plough, Wyeth, Tyco and Boston Scientific.
According to its latest abridged accounts, the unit's pretax profit declined in 2005 to €62,945 from €289,153 in 2004.
The unit's turnover is in the region of €5 million, said service director Aidan O'Mahony.
While Mr Hanley is chief executive of the business, managers at Hanley Calibration Service own half the equity in the business.
