The firm, which manufacturers robots and simulators for Alfa Romeo's F1 team, said it had completed a deal for Venshure Test Services (VTS), a
It expects the acquisition will be earnings enhancing this year, with revenue and adjusted operating profit for the five month period forecast to reach £1.4m and £0.5m respectively.
Dr
Acquisitions have been a key pillar of the firm's strategy and it said in January the "long-term pipeline" remained positive. The group snapped up Norwichbased Ansible Motion, a driving simulator company, for £14.4m in
VTS is a leading provider of so-called dynamometer-based testing services.
(c) 2024 City A.M., source