TechPoint strengthens UK manufacturing capabilities with Esprit Electronics acquisition

Electronics Manufacturing Services (EMS) provider TechPoint has announced the acquisition of Esprit Electronics, further strengthening its UK manufacturing capability and supporting the company’s long-term growth ambitions.

Above: (left to right) Laurie Sigournay, Managing Director, Esprit and Perry Duffill, CEO, TechPoint announcing the agreement. Photo: TechPoint

The acquisition brings further EMS expertise, an established customer base and experienced workforce into TechPoint, whilst expanding the group’s presence with large industrial OEMs.

Photo: TechPoint

Perry Duffil, CEO, TechPoint said: “We’re delighted to welcome the Esprit Electronics team to TechPoint. We have a shared vision of growing UK electronics manufacturing. Together, we can now offer customers a complete solution, combining complementary capabilities and expertise within one group.

“I have been impressed with the rich capability and expertise that the Esprit team embodies and this truly is a great fit for TechPoint.”

How the acquisition will strengthen supply chains and increase manufacturing capacity

Founded in 1985, based in Southampton and employing 92 people, Esprit Electronics generates annual revenues of £18 million, serving a blue-chip multinational industrial customer base with precision manufacturing and test capabilities.

Photo: Esprit Electronics

Following the acquisition, Esprit Electronics will continue to operate out of its existing Southampton manufacturing facilities. Service will continue as normal for customers.

The acquisition will serve to unlock stronger supply chain resilience for existing and future customers of both businesses, whilst increasing manufacturing capacity and flexibility, providing access to specialist automation capabilities and engineering expertise across multiple disciplines.

Laurie Sigournay, MD, Esprit Electronics said: “Esprit Electronics and TechPoint have a great deal in common including shared values, ambition and many complementary solutions, so this is a great next step for the company. We’re delighted that Esprit Electronics will continue to be UK owned and managed. This is an exciting new chapter for the company.”