Eddisons, a leading firm of multi-disciplinary chartered surveyors with 15 offices around the country, has strengthened its industrial auction and valuation team by acquiring Scunthorpe-based auctioneer CJM Asset Management.

The latter was established in 2000 through a management buy-out by directors Charles Moses and Paul Cooper, although the firm traces its roots back to 1889.

Currently employing 11 people, it disposes of plant and machinery assets for a range of national and international firms, as well as local authorities and private clients.

It will be combined with the existing Eddisons machinery and business asset disposal team, operating as Eddisons CJM.

Anthony Spencer, a partner at Eddisons, said: “I am very pleased to welcome the CJM team into Eddisons.

“The acquisition will enhance our machinery and business asset disposal expertise, complementing our existing operations. We continue to seek opportunities for further growth, both organically and by strategic acquisition.”

Malcolm Good, Eddisons national head of industrial auctions, said: “Having known Charles and Paul for many years, I am delighted they have joined Eddisons.

"By combining the expertise of Eddisons and CJM (www.cjmasset.com), we reinforce our national capacity, as well as expanding our capability to sell complex and high-value assets internationally.”

Charles Moses, managing director of CJM, said: “With increased demand from both domestic and overseas clients, we have been looking for a partner that would allow us to continue to develop our industrial auction and valuation business.

“Eddisons is a perfect fit for us, and we are all very excited about working with our new colleagues in the Eddisons CJM team.”