Kelvin Hughes, a supplier of marine navigation products and services, such as radar sensors, voyage data recorders and nautical charts, has been bought by its management for £52 million.

Kelvin Hughes, a supplier of marine navigation products and services, such as radar sensors, voyage data recorders and nautical charts, has been bought by its management for £52 million.

The buy-out team invested in the deal alongside equity from ECI Partners. On completion £48 million was paid in cash with the balance deferred if agreed conditions are achieved.

ECI’s investment was managed by Ken Lindsay, who said Kelvin Hughes is the type of business the firm supports. “We are keen to back successful British success stories, such as this company, to allow them to continue to grow and prosper in world markets.”

Kelvin Hughes managing director Russell Gould added that this is an exciting time for the company.