A Swindon firm has supported the sale of a flight case manufacturer to its competitor.

In a deal negotiated and led by corporate finance specialist Watersheds, leading flight case manufacturer Absolute Casing has acquired Leicestershire-based competitor Nomad Cases.

The takeover by the Berkshire company will create a market-leading flight case group.

Now in its 25th year, Absolute Casing supplies protective cases to various sectors such as Formula 1, Premier League football, medical, television production, and the oil and gas industry.

The firm's managing director, Ed Franklin, wanted to increase market share and in-house capability.

He said: "There is a lot of synergy between Absolute Casing and Nomad Cases in terms of what we do and who we supply.

"So when Nomad’s owner was considering retirement, we were keen to explore the opportunity.

“The team at Watersheds provided us with invaluable advice and support through the whole process, enabling us to continue focusing on the day-to-day running of the business."

Jessica Painter, a partner at Watersheds, added: "A strategic acquisition like this can be an excellent growth plan for a business.

"As advisors who work across both acquisitions and disposals we can provide a balanced perspective and anticipate what either side is going to want in order to achieve a smooth deal."