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Sertec Completes £250M Acquisition

Sertec Completes £250M Acquisition

Added to MTDCNC by MTDCNC on 26 August 2016

The Sertec Group has completed its largest ever take over by buying WILD Automotive,  creating a £250 million group. The automotive giant has bought Midlands based WILD automotive to create a group with  manufacturing plants across the UK, Germany and Hungary. WILD has manufacturing sites in Birmingham, Hungary and Germany.

The acquisition is supported by £20 million funding by the Business Growth Fund (BGF) and Lloyds Banking Group that was provided earlier in the year. Both have invested further to support this latest transaction, alongside Santander Bank, which makes its first syndicated contribution to the growth plans of Sertec. In addition, K&H provided local asset finance in Hungary. 

The WILD group of businesses specialise in the manufacture of high quality technical components and assemblies for Automotive OEMs and Tier 1 suppliers. Specifically, WILD’s expertise is in precision components, fine blanked components, wire forming, wire seat frames, spring parts and complex stamped assemblies with the business enjoying a leading market share in the supply of wire seat frames to the UK automotive industry. 

Whilst Sertec currently manufactures wire products, this is not its core capability and the acquisition of WILD will significantly enhance the company’s offering to both existing and potential customers.   

Sertec Group Managing Director Dave Steggles said: “This is probably the most important acquisition in Sertec’s history, not only because of the size of the business, but because of the new opportunities it presents. The expertise and experience of the Wilds Management Team will be invaluable in our future growth plans."

"WILD’s skill set complements ours and together we can develop an even broader engineering expertise to offer our combined customer base. Whilst we can now provide our own customers even greater capability on wire and spring products, we very much look forward to working with the new customers WILD brings to the Group, and the opportunity to introduce our expertise to their businesses."

"Additionally, our continuing development and knowledge in lightweight technologies is enhanced by the engineering resource now available to us at WILD’s facility in Germany. The Germany and Hungary operations give us the foothold in both Western and Eastern Europe we were looking for, to help support our own existing customers’ expansion. This is absolutely right for Sertec in so many ways.” 

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