Transcend Corporate has originated the acquisition of the £14m turnover, Tyseley based business of DPE Automotive by Sertec Group Limited.
Fast-growing Sertec Group, a leading automotive pressings company operating from Coleshill , West Midlands, had sales of £56m in their last published accounts, and has been trading for over 47 years.
The Tyseley based business of DPE Automotive is a substantial automotive pressings business that was formerly part of Wagon plc.
Sertec Group Chairman Graham Mosedale said: “I am delighted by the work that Transcend has carried out in originating this transaction for Sertec. Such an important acquisition not only gives us additions to the order book, but gives us room to plan for effective growth to the benefit of our customers. The additional space and plant facility allows us to support our increasing volume and will help to secure new parts contracts for vehicles already at the design and planning stage.”
Ian Curtis, Transcend Corporate Director commented: “Sertec Group is an outstanding example of the resurgent UK industrial sector. It has been a priviledge to be able to add a new leg to the Sertec success story.”