Ultra Electronics Holdings plc has announced that it has acquired the share capital of W&D Holdings Limited, owner of Wood & Douglas Ltd. Wood & Douglas Ltd will continue to operate from its existing facilities and become a part of Ultra Electronics Communication & Integrated Systems (CIS) business.
This acquisition has been made with the full support of all the shareholders of W&D Holdings Ltd and ensures that customers of Wood & Douglas Ltd will continue to receive the high levels of quality, reliability and service that they have been accustomed to in the future.
Alan Wood, founder and Managing Director of Wood & Douglas will be retained for the foreseeable future as an Ultra employee and will take on a role across the broader Ultra Electronics CIS business. The Wood & Douglas’ management team will continue to operate with the support of Ultra Electronics CIS.
Alan Wood commented: “For some time I have been looking to secure the long term future of Wood & Douglas in partnership with a company that shares our commitment to innovation and customer service. I am delighted that Wood & Douglas can continue to thrive as a business owned by Ultra Electronics CIS.”
Wood & Douglas has just enjoyed a record financial year which also included the Queens Award for Enterprise. The acquisition by Ultra Electronics will enable Wood & Douglas to continue to grow and benefit from the scale of a company that turns over hundreds of millions in revenue.
Alan Wood continued: “36 years ago I started Wood & Douglas from my back room with a vision to deliver innovative, high quality and reliable wireless communication solutions. My desire for the future is that all that has made Wood & Douglas a success – its loyal customers and staff, its commitment to excellence and innovation and its unique approach to problem solving – will continue while permitting me to take a more backseat role. The acquisition by Ultra Electronics gives me the peace of mind that this will happen.”