Autologic Diagnostic, manufacturer of dealer-level diagnostics, has announced a £46 million management buyout (MBO) funded by Isis Equity Partners.

The MBO was led by executive chairman Kevin Finn, managing director Peter Toland and technical director Ian Jones.

Peter Toland, managing director of Autologic Diagnostics, said: “We see in Isis a strong, knowledgeable partner who will work with the management team to continue to drive the growth of the business.”

Autologic's dealer-level diagnostic equipment is sold in over 50 markets throughout the world, with technical support centres established in the UK, US and Hong Kong.