26 September 2017
26 September 2017
epm technology has been acquired by AS.G (Aero Services Global) as part of a multi-million pound buy and build strategy to service high growth engineering sectors in the aerospace, defence and automotive industries.
According to epm, AS.G Group will provide capital and a robust management infrastructure to support the anticipated growth of epm technology.
Graham Mulholland, CEO and founder of epm, will continue to spearhead the development of the business.
“We have reached a point where epm requires the necessary funds and the executive ability to provide a world class service to our larger OE aerospace and automotive customers," says Mulholland. "This strategic acquisition will enable the business to now break the SME glass ceiling. This will also provide a boost for our ongoing commitments to staff development, R&D and process innovations which will continue to see epm pioneering and leading our industry and adding value to our customers.”
Amin Amiri, the founder and CEO of a2e Industries, is the CEO of AS.G Group.
“AS.G is building a dynamic engineering group of companies to service and develop opportunities in aerospace, defence and automotive markets," he states. "The acquisition of epm clearly demonstrates our appetite and ability to move and grow quickly. Part of this is activated by having the vision to support fantastic innovative companies like epm technology group to grow and add value to its customers.”
Amiri’s portfolio of investments, which are all monitored by a2e, consists of a conglomerate of industrial companies with a combined turnover and EBITDA of approximately £140 million and £17 million respectively.
“epm technology will also continue to grow its bespoke services and proudly maintain all of its motorsport and F1 activities," Graham Mulholland adds. "The business is best known as a F1 supplier and again having the correct financial resources to support all these activities is critical. This is a great result for epm, all its customers and my team moving forward.”
Covestro and the Haier Group, a major global brand for household appliances, have agreed to set up a joint laboratory in Qingdao, China, for the digitalisation of appliance production.
Composite Integration are excited to announce it has appointed TrioBotics Automation Solutions as their official distributor in India with immediate effect.
Boeing has delivered the first of ten 787 Dreamliners to WestJet, marking the start of the airline's global expansion. Having long operated a fleet of Boeing single-aisle jets, WestJet will use the super-efficient, long-range 787-9 Dreamliner to profitably serve new international routes.