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Maplin Electronics sold

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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. ®

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