Aero Services Global Group, a £43m critical supplier to the aerospace sector, has made its latest acquisition, as it looks to target new opportunities in the defence and medical sectors.
Manchester-based Aero Services Global Group (AS.G), which manufactures and sub-assembles detail airframe structural equipment and aero engine components for leading primes and Tier 1s, has welcomed AMF Precision Engineering to its portfolio of companies.
The Wirral-based sub-contract technology specialist joins six other manufacturing businesses in the group and provides additional clean room and long bed machining capabilities, alongside direct access to customers in medical, defence and a host of research centres across Europe.
(L to R) Simon Weston (Aero Services Global Group) and Simon Kirkman (AMF Precision Engineering)
It comes just weeks after AS.G secured a £31m funding package from Magnetar Capital and Close Brothers Invoice Finance to support ambitious three-year growth plans.
Simon Weston, who joined as AS.G Group Managing Director in 2017, commented: “[AMF Precision Engineering’s] long machining bed means 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.”
He continued: “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 and efficiencies.
It started operations with the acquisition of Phoenix Ltd in December that year and now boasts seven subsidiary companies, including: Queens Award-winning Arrowsmith Engineering; B&H Precision Tooling; Datum; Ludolph; TGM, and AMF Precision Engineering.
The group, which employs nearly 380 people, is split into two core divisions focusing on aerospace and tooling, providing a wide range of products from simple brushes, complex mill turned components and 5-axis milled parts, to tooling, transportation media and fixtures for existing and next generation aircraft fuselages and wings.
These parts are delivered all over the world to customers including Aeronova; Airbus; GKN; ITP; Meggitt; Rolls-Royce, and Spirit Aero Systems.
Simon Kirkman, managing director of AMF Precision Engineering, welcomed the acquisition: “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 are 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.”
He concluded: “We’ve already identified and made initial moves towards securing new med-tech work for AS.G and our recent approval to AS9100 will allow us to pitch for aerospace contracts. It’s a real win-win.”
Aero Services Global Group intends to enhance its international footprint by adding to its existing operations in the EU and by formalising a joint venture agreement in India over the next six months.
*All images courtesy of Aero Service Global Group