Tewkesbury circuit board manufacturer makes £2 million acquisition

Trackwise

Trackwise Designs plc, a provider of specialist products using printed circuit technology, is to buy Stevenage Circuits Ltd  for a total up to £2.457 million.

Stevenage Circuits Ltd is a UK-based designer and manufacturer of short flex and rigid printed circuit boards, which last year turned over £6.5 million.

The Acquisition adds further manufacturing capacity to enable the demand-led ramp up of Trackwise’s Improved Harness Technology production, as well as customers and technical, sales and operational expertise.

Philip Johnston, CEO of Tewkesbury-based Trackwise, said: “We are pleased by the significant support shown by existing and new investors. The acquisition of SCL extends our manufacturing capabilities, providing us with the capacity to deliver IHT series production, while diversifying our revenue streams and customer base. The SCL team brings additional depth to our technical, sales and operational expertise and we look forward to welcoming them to Trackwise.

“With a broader platform from which to capitalise on the growing market awareness of IHT and an expanded team and customer base, we look to the future with confidence.”