AMF Precision Engineering experts in manufacturing components for the oil, gas and nuclear sectors has been bought by Aero Services Global Group.
For the last 30 years, sub-contracted, Bromborough-based technology business, has developed specialist expertise in making and assembling parts used by the Ministry of Defence and companies in the aerospace, offshore, oil, gas, subsea and nuclear sectors.
Now it has become a division of Aero Services Global Group (ASG) a company with a turnover of £43m a year and a critical supplier to the aerospace, manufacturing and sub-assembling airframe structural equipment and aero engine components sectors.
AMF is to be amalgamated with six other manufacturing businesses in the group and offers additional specialist machining capabilities. It will have direct access to customers in defence, and medical, as well as a host of research centres throughout Europe.
The deal comes weeks after ASG secured a £31m funding package from Magnetar Capital and Close Brothers Invoice Finance in support of its three-year growth plans.
ASG managing director, Simon Weston, said, “AMF Precision Engineering is a market leader in its field and fits perfectly with our commitment to offer our global customers world class expertise, niche capabilities and outstanding customer service. We will be able to deliver specific work packages previously out of our reach in aerospace, not to mention giving us an immediate footprint in medical, life sciences and defence – three areas that could benefit from technology perfected in aerospace. While COVID-19 has created a number of unexpected challenges, we are still confident that our agility and single source expertise in tooling and manufacturing of critical components can deliver an increase in sales.”
AMF managing director, Simon Kirkman, added, “This is a great move for our business and brings us into a family of like-minded companies, who thrive on pushing the boundaries of innovation and world class manufacturing expertise. There is a lot of complementary expertise and we bring the additional benefits of new machining capability and a dedicated clean room, ideal for supplying medical clients, research centres and for supporting the aerospace sector.”
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