Managing director of Cascade Technologies, Iain Howieson, has been put in line for a multimillion payout from the company being sold to a US engineering giant in a deal believed to be valued around £40m.
Other shareholders in the Stirling-based business also look set to net big returns on their investments in Cascade. including Crawford Gillies, chairman of Scottish Enterprise. Scottish investment houses Panoramic Growth Equity and Braveheart Investment Group had significant stakes in the business. Cascade has developed technology that can be used to detect gas leaks and explosives and…
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