Swindon Silicon Systems, the UK’s largest independent ASIC design and supply  company has been sold to Tomkins plc, a global engineering and manufacturing  group, for an undisclosed amount.

SSSL is an innovative fabless semiconductor company that designs, develops and supplies highly integrated performance driven custom mixed signal integrated circuits for the automotive, industrial, consumer, military and communications markets.

Peter Lugg of Monahans Corporate Finance was lead advisor to the shareholders.  John Davies of Thring Townsend Lee & Pembertons was principal legal advisor.

Roy Richardson of SSSL said: “Advice and negotiating support received from Peter Lugg was invaluable in guiding us through the transaction, and John Davies ensured that the whole process was extremely smooth.

 “SSSL is a highly successful and innovative design and manufacturing company, operating in this high tech sector.  The tie up with Tomkins will ensure this unique business will continue to succeed in the future.”

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