Derby based epm technology, well known as a supplier of Formula 1, has been acquired by Manchester based AS.G (Aero Services Global Limited), a global distributor of aviation consumables, as part of a multimillion pound ‘buy and build’ deal.
The acquisition marks the beginning of a progressive new strategy for both companies. epm technology is best known for manufacturing and suppling components, assemblies and sub-systems in some of the most challenging engineering environments, whilst AS.G Ltd is a leading global distributor of lubricants, consumables, chemicals, standard hardware, composites, rotables and tooling for the Aviation industry.
Graham Mulholland, CEO & Founder of epm remarks “The acquisition will allow us to continue the provision of our bespoke services in the Aerospace, Defence & Automotive industries. AS.G are able to provide us with the infrastructure and financial backing necessary to support the development of our organisation. It’s a fantastic confidence boost for our employees and clients alike, and provides us with much needed stability and capacity to move forwards into much larger markets.”
He continues “The industry in which we operate necessitates continual research and development and process innovation, which in turn requires dedicated commitment to our staff and their development. The acquisition will facilitate investment into both factors, therefore ensuring we are able to offer our customers the highest quality products and services.”
Amin Amiri, the founder of AS.G Group comments “AS.G Ltd is establishing a dynamic engineering group of companies to service and develop opportunities in aerospace, defence and automotive markets. As an international company, we are keen to invest in innovative and pioneering organisations, and provide them with robust support to enable growth and ensure they continue to add value to their customers.”
The deal was advised by David Nelson, Partner at Smith Cooper.
Legal advice was provided by Fraser Cunningham and Mark Wilcock of Smith Partnership.