Management buyout at IDE Systems
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Company founder Ian Thomas has sold the business to Wayne Woodhead (group managing director), Kevin Warne (group sales director) and Matt Collins (systems operations manager).
Woodhead, who has over 30 years’ experience in the product design, testing and engineering sectors, continues as group managing director. Warne also remains as group sales director, and Collins now acts as operations director. The company is reportedly seeking to appoint a rental operations director and financial director.
Outgoing owners Ian and Sue Thomas comment: “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