Turnover: £2m to £15m
Location: UK / Europe
Our associate in Beijing has been retained by a Chinese based precision engineering equipment trading company which specialises in the supply of CNC, wire cutting and grinding machines.
The company was founded in 2010 as a subsidiary of a Hong Kong company and provides manufacturing supplies and equipment servicing as well as comprehensive instrument and software solutions. The company has a team of experienced technical machine maintenance staff as well as advanced R&D researchers.
The main purpose of the acquisition is for the company to transform itself from a trading company into a manufacturer in the machine tool industry. Currently they import components from Japan, Europe and Korea.
The ideal target acquisition will be a manufacturer of machine tools, the priority being a grinding machine manufacturer. The target is required to possess strong technical strength and be a leader in the industry.
The annual turnover of target should be at £2m to £15m.
The company requires a 100% acquisition.