The sale of a company specialising in thermal monitoring technology has paved the way for the continued expansion of one of the world’s largest power management companies.

The sale of Harpenden-based Exertherm, established in 1987, was completed by Swindon corporate finance specialists Watersheds.

Exertherm’s continuous thermal monitoring technology has enabled organisations to increase safety, stay productive, and reduce downtime due to electrical failures.

With digitisation, the business has harnessed the potential of the Industrial Internet of Things offering solutions that are ahead of the curve.

When it came to planning his exit strategy, Exertherm founder Ross Kennedy wanted to find a buyer who would develop and grow the technology and momentum achieved.

With a low staff turnover rate, Exertherm has a family feel, so for shareholders, it was important the buyer had the right cultural fit.

Mr Kennedy turned to Watersheds to achieve a deal that would meet all parties’ goals.

He said: "The time was right to exit the company, but I also wanted to ensure I was handing it over to new owners who would be able to bring the business to its full potential as well as securing the future of our current staff too.

"The advice and support I received from Watersheds was invaluable and they achieved top value, as well as ensuring a smooth process of selling the business to a global business and the complexities that come with selling internationally."

A deal has been completed with global intelligent power management company Eaton.

Eaton manufactures products for several markets such as data centres, utilities, machine building and residential to solve the world's most urgent power management challenges.

Partner at Watersheds, Wendy Lam, said: "Watersheds has worked with Exertherm for a number of years.

"Their technical expertise combined with their foresight of the industry has enabled them to hold a strong position in this interesting and fast-growing market.

"As a result of our deep understanding of the business and the potential offering to buyers, as soon as the time was right for them to go to market, we could work with them to identify the best routes for them to take and to maximise the value of the business.

"Eaton is exactly the kind of organisation they wanted to see their business in the hands of and, therefore, we are happy we could help fulfil their wishes with a deal that was too good to refuse."