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Benchmark International Successfully Facilitated the Transaction Between Modus Gauges Ltd and Test Plugs Ltd to Bergman & Beving AB

October 7, 2025

Benchmark International is pleased to announce the successful acquisition of Modus Gauges Ltd and Test Plugs Ltd by Swedish investment group Bergman & Beving AB.

Headquartered in Suffolk, UK, Modus Gauges Ltd and Test Plugs Ltd are respected suppliers of high-quality analogue gauges and related components, serving a broad range of industrial clients. With a reputation built on precision, reliability, and long-standing customer relationships, the companies have established a strong position in the UK industrial and manufacturing sectors.

Bergman & Beving AB is a Stockholm-listed investment company with a portfolio of niche industrial businesses across Europe. The acquisition aligns with Bergman & Beving’s strategy of investing in companies with defensible product lines and strong operational profiles. Modus Gauges and Test Plugs will complement the group’s growing industrial division and benefit from its strategic backing and international reach.

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Benchmark International played a key role in delivering the transaction, generating multiple competitive offers, leading structured negotiations, and mitigating key issues around net working capital and liabilities. The team provided hands-on project management throughout the process, ensuring deal momentum and alignment between all parties.

Ryan Scammell, who led the transaction for Benchmark International, commented:
"I am delighted to see this transaction complete for the seller, who was a pleasure to work with. Wishing all parties every success in the future."

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