Maplin Electronics sold

Get your soldering irons out

Maplin Electronics, the electronics mecca for UK soldering iron geeks, has been sold by one private equity firm to another for £42m.

Maplin sells components through catalogue, 59 shop and the Internet. Turnover last year was £52.5m.

The selling company was Saltire and the buyer is a new company backed by Graphite Capital and funded by the Bank of Scotland. ®