A Tamworth-based manufacturing company has snapped up a Portsmouth engineering firm with the support of private equity backing.
Gearing Up, which trades as Precision Technologies, has bought the Langstone Group, with the support of Panoramic Growth Equity and additional funding from its banking partner Arbuthnot Bank.
Gearing Up manufactures precision cut and ground gears, splines, threads and gauges.
The Langstone Group has more than 20 years’ experience in mould tools, precision engineering and design. Specialising in 5-axis machining with a team of approximately 45 engineers, the company serves customers in F1, motorsport, aerospace and marine, among other sectors.
Managing director of Gearing
link source - Insider Media