Belgrave & Powell Ltd, a specialist engineering services group, has acquired assets, IP and goodwill from Addition Manufacturing Technologies Ltd based in Preston, UK.

Operating from the same facility in Walton Summit, Preston, the business will now trade under the name Addison Forming Technologies Ltd. Terms of the transaction were not disclosed.

Addition was a global supplier of tube-bending equipment and tooling to the aerospace, automotive and nuclear industries. With the acquisition, Addison Forming will continue to offer a comprehensive range of services and products to its customer base, alongside new solutions that include automation and robotics.

Paul Ward, a partner in Belgrave & Powell, will lead the company as part of Belgrave & Powell’s Machine Technology Group. He says: “Despite the uncertain economic climate we recognised the long-term value in this activity, the highly skilled workforce and the company’s reputation for quality and innovation. Our vision is to provide clients with unsurpassed service, quality and technology.

“We’re delighted with this acquisition as it’s a key advancement,” he adds. “It complements our existing specialist services companies, while simultaneously allowing us to accelerate our ambitions in terms of offering advanced automation and robotic solutions. The retained team have some of the world’s best skills in the field of tube bending, tooling design and automation and, with the support of the group, we will offer immediate benefit to historical and new customers requiring support in this specialist sector.”
Belgrave and Powell Ltd is a UK-based specialist engineering services group with activities including specialist machine-tool services, tooling manufacture and distribution, operating from facilities in Preston, Halifax and Tamworth. Businesses in the group include Weld UK, Dean Smith & Grace, GAC Rail, Techni-grind and Maydown International.

For further information www.addisonforming.co.uk