Heligan Investments exits Landguard Systems to Chemring Group Plc in a deal worth £20 million

Landguard specialise in the design and manufacture of custom radio systems that enable government, defence and law enforcement customers to track, locate and protect their critical operational assets. Landguard’s specialist intelligence, surveillance, target acquisition and reconnaissance (ISTAR) capabilities include high-performance tracking solutions. 

Roke Manor (a Chemring Group Plc company) is a leading UK innovator in science and engineering, changing worlds across defence, national security, and industry to solve the challenges that shape lives, safeguard valuable assets and strengthen future capability.

Matt Croker, Director at Heligan, commented:
“We’re delighted to have supported Landguard through a key period for the business.  The growth of Landguard has been impressive, driven by unique product capability and the opening of a US site which has supported wider international growth.  It has been a pleasure to work alongside Steve, Steve and Andy at Landguard – their determination to succeed has been a key factor in achieving this outcome.”

Dr Tim Grasby CEO of Heligan Group, commented:

“Heligan Investments focuses on disruptive security technologies across the national security, crime prevention and public safety sectors. Our team’s deep sector-specific insight and international networks have assisted Landguard’s growth, adding real value to a world class owner-managed business and securing excellent returns for our investors.  We believe Roke’s acquisition of Landguard will enable continued growth potential and provides an excellent opportunity for them to progress to the next level. It has been a true pleasure building a strong relationship with the Landguard team and we wish them and Roke every success moving forward.” 

Steve Matthews, Managing Director at Landguard, said:
“After co-founding Landguard almost 20 years ago, we’re looking forward to being part of Roke Manor.  The past three years with Heligan has been a key milestone in Landguard’s journey - the ability to draw upon sector expertise and industry contacts has unlocked customers and was a core factor in deciding to partner with Heligan.  The encouragement throughout the journey to expand into new markets and via new sales channels has helped achieve a great outcome.  We’re thankful for the enjoyable conversations, challenge and guidance from the team at Heligan.” 

Advisors to Landguard:  Shoosmiths (Legal), Azets (Tax Structuring), Heligan (Corporate Finance)