AMF Precision Engineering offers expertise in manufacturing components for sectors including oil, gas and nuclear and has been bought by Aero Services Global Group. Tony McDonough reports
Specialist Wirral engineering firm AMF Precision Engineering has been acquired by a Manchester-based aerospace supplier for an undisclosed sum.
For 30 years, Bromborough-based sub-contract technology business AMF has developed expertise in manufacturing and assembling parts used by companies in the aerospace, subsea and offshore, oil, gas and nuclear sectors, as well as for the Ministry of Defence.
It has now become a division of Aero Services Global Group (AS.G), which turns over £43m a year and is a critical supplier to the aerospace sector, manufacturing and sub-assembling airframe structural equipment and aero engine components.
AMF joins six other manufacturing businesses in the group and provides additional specialist machining capabilities. It will have direct access to customers in medical, defence and a host of research centres across Europe.
This latest deal comes just weeks after AS.G secured a £31m funding package from Magnetar Capital and Close Brothers Invoice Finance to support its three-year growth plans.
AS.G 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.”
AS.G was founded in 2015 with the aim of developing a highly specialist group, which could help a global customer base to consolidate their supply chains through innovation, efficiencies and value for money.
It started operations with the acquisition of Phoenix in December that year and now boasts seven subsidiary companies, including Queens Award-winning Arrowsmith Engineering, B&H Precision Tooling, Datum, Ludolph, TGM and now AMF.
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 os 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.”