Home / News / Epm technology taken over by AS G

Epm technology taken over by AS G

02 Oct '17

2 min read

Courtesy: Epm Technology

Epm technology has been acquired by AS G (Aero Services Global) as part of a multimillion pound buy and build strategy to service high performance high growth engineering sectors in aerospace, defence and automotive industries. Epm becomes a strategically important part of the AS G Group, which will provide it capital and a robust management infrastructure.

Graham Mulholland CEO and founder of epm will continue to spearhead the development of epm. He said “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. This strategic acquisition will enable the business to now break the SME glass ceiling. This will also provide a boost for our on going commitments to staff development, research and development 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, which also co-founded and is the CEO of ASG Group said “AS G is building a dynamic engineering group of companies to service and develop opportunities in Aerospace, Defence and Automotive markets. 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 is a highly successful investor with a fifteen-year track record of investing in or acquiring industrial companies and significantly enhancing their fortunes. 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 circa £140million and £17million respectively.

Mulholland continued “epm technology will also continue to grow it bespoke services and proudly maintain all of its Motorsport and F1 activities, 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”. (SV)

Fibre2Fashion News Desk – India