Press Release: Management buy-out at Tessella
Tessella starts its next level of growth, building on its existing approach and values.
Oxford, UK | 23rd July 2012. Tessella, the international provider of science powered technology and consulting services announces the completion of its management buy-out, led by its existing management team. Mobeus Equity Partners supported the buyout and founder Kevin Gell retains a significant minority stake plus continues to serve as a board member.
Alan Gaby, Managing Director of Tessella comments: “Having been in the business for the last 5 years, I am genuinely excited by the opportunity to lead the business forward to our next stage of growth. We have the experience, energy, resources and above all people to make a positive impact for our clients and, in turn, deliver greater success for all Tessella’s stakeholders.
The success of the business is based on solid principles of delivering value to our clients, hiring and retaining the very best people and doing the right thing by all our stake-holders. We can expect to see all of these attributes and more as we work to build the Tessella business further.
I am delighted that Jon Tilbury, Grant Stephen and Stephanie Elliott are joining the board, alongside our new Chairman, Steve Curl, and Guy Blackburn from Mobeus. This represents a strong and proven team and I look forward to working with them in this exciting period for the company.”
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About Tessella
Founded in 1980, Tessella is the international provider of science powered technology and consulting services. World leading organisations choose our unique blend of science, engineering and sector expertise to deliver innovative and cost-effective solutions to complex real-world commercial and technical challenges. Our people are high achievers from leading universities and are passionate about delivering value to clients. We are proud that our work makes the world a better place to live in: developing smarter drug trials; preserving the digital heritage of nations across the globe; minimising risk in oil and gas exploration; controlling the orbit and attitude of satellites; researching fusion energy.
For further information visit www.tessella.com
Media Contact at Tessella
Julian Fowler | Head of Marketing
Phone: +44 (0) 1235 555511 | Mobile: + 44 (0) 7810 502646
Julian.Fowler@tessella.com
