Truck and Track Summer 2025 www.truckandtrack.com 56 FUEL MANAGEMENT Merridale Ltd acquired by Teqnion AB: A New Chapter for the British Fuel Management Specialist In a significant move within the industrial sector, Merridale Ltd, a Wolverhampton-based leader in commercial fuelling solutions, has been acquired by Teqnion AB, a Swedish industrial group known for its strategic expansion through niche market acquisitions. The deal, finalised in early March 2025 and facilitated by KBS Corporate, marks Teqnion’s seventh purchase of a UK company in less than two years, highlighting its aggressive growth strategy and confidence in British manufacturing expertise. Established in 1994, Merridale Ltd has grown from a modest operation into one of the UK’s foremost manufacturers of fuel management systems, fuel pumps and tank management equipment. Headquartered in Wolverhampton, a historic hub of British industry, the company has built a reputation for designing and producing robust, reliable solutions tailored to the needs of fleet operators, with systems installed at over 5,000 sites across the UK, Ireland, the Channel Islands and the Netherlands. For co-founders Paul Ledbury and John Russell, who enlisted KBS Corporate to manage the sale, this acquisition represents the culmination of three decades of dedication. “John and I founded Merridale nearly thirty years ago, and as we now begin to approach retirement age, it has become imperative for us to make provision for the long-term future of the business, our employees and our customers. We are delighted that, in Teqnion, we have found a company that will respect our legacy, and protect the integrity and reputation of the business, and the Merridale brand in the years to come. We shall continue to work in the business to effect a smooth transition in ownership, and support the business as it moves forward.” says Paul at Merridale. Teqnion AB, founded in 2006 and based in Solna, Sweden, operates as an industrial conglomerate with a clear mission: to grow through the acquisition of profitable, niche-focused companies while fostering their development under an active ownership model. With a portfolio spanning industries such as laboratory equipment, electrical systems and design engineering, Teqnion AB has steadily expanded its footprint across the Nordic region and beyond. The purchase of Merridale follows a string of UK acquisitions brokered by KBS Corporate since May 2023, including Stanwell Group, Surge Protection Devices and Awarded 2U, among others. Johan Steene, CEO of Teqnion AB, expressed enthusiasm about the acquisition, stating, “We are delighted to welcome the Merridale team to the Teqnion AB family. Precise fuel management is essential for a successful and sustainable business, and Paul, John and their colleagues have the perfect system to make it happen.” This acquisition aligns with Teqnion’s strategy of investing in companies with strong market positions and untapped potential, allowing them to thrive within a broader corporate framework. The sale, overseen by KBS Corporate’s Associate Corporate Director George Barnes, was a smooth process praised by all parties involved. Barnes congratulated Ledbury and Russell on their successful exit, noting the pleasure of working with them and their solicitor, Hitesh Punjani of Keelys, as well as Teqnion’s CXO, Daniel Zhang. The acquisition is effective immediately; however, the previous owners, Paul and John will continue to run the company as they wind down to retirement. Find more information on both companies at www.merridale.co.uk and www.teqnion.se. Merridale Ltd Celebrates Andrew Tromans’ Retirement After Nearly a Decade of Exceptional Service Merridale Ltd, a leading provider of fuel management systems, is bidding a fond farewell to Andrew Tromans, who is retiring after nearly ten years of outstanding service. Andrew’s journey with the company began as Health and Safety Manager, where his expertise and dedication significantly enhanced workplace safety standards. Later, he transitioned to the role of Operations Manager, bringing the same passion and leadership to streamline operations and drive the company’s success. During his tenure, Andrew’s commitment to excellence was evident in every project he undertook. As Health and Safety Manager, he implemented robust safety protocols that not only ensured compliance but also fostered a culture of care and responsibility across Merridale. His proactive approach and attention to detail earned him the respect and trust of colleagues at all levels. In his subsequent role as Operations Manager, Andrew’s strategic vision and hands-on leadership were instrumental in optimising processes and supporting Merridale’s growth. His ability to balance operational efficiency with team collaboration created a positive and productive work environment, leaving a lasting impact on the company’s operations. “Andrew has been an anchor of Merridale’s success throughout his time with us.” said Paul Ledbury, Chief Executive Officer at Merridale Ltd. “His professionalism, engineering expertise and unwavering dedication have left an indelible mark on our team and our business. He had a wealth of knowledge, a quiet and calm demeanour and a practical approach to things, which made him a pleasure to work alongside.” As Andrew steps into this new chapter, Merridale Ltd extends its heartfelt thanks for his remarkable service and wishes him endless happiness, relaxation and adventure in retirement. Merridale’s Chief Technical Officer, John Russell said, “He will be greatly missed around here. I wish him all the best for his retirement in Spain but can’t help wishing he wasn’t leaving. While we’re sad to see him go, we’re incredibly grateful for his contributions and wish him a joyful and well-deserved retirement.”
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