LPA Group to acquire Eaton’s Powertron
Image courtesy LPA Group
Engineering specialist in electronic and electro-mechanical components and systems, LPA Group plc, has announced that an agreement has been signed with Eaton Electrical Products Limited to acquire the UK trade and assets of its power supply Powertron business
The Acquisition includes the UK trading division and assets, including its small manufacturing capability in Cambridgeshire. The Acquisition is complementary to a number of power supply products the Company currently manufactures for the rail industry. Some of the components being outsourced by the business will in future be manufactured by LPA in Yorkshire and given LPA’s existing extensive sales network, the Group anticipates that it will increase these sales volumes over time.
The Acquisition, by way of an asset purchase agreement, results in LPA acquiring fixed assets, current assets and liabilities, the employment of approximately 20 members of staff and the business including worldwide rights to brands and product designs. It is expected that completion of the Acquisition will occur in Q1 calendar 2025, subject to TUPE consultations, the transfer of the buildings lease and finalisation of net working capital.
Robert Horvath (above), Chairman said: "The addition of more stable month on month product is a key part of our ongoing strategy to keep our manufacturing units productive and this Acquisition, importantly, will support our delivery against our strategy. This Acquisition and the acquisition of the Red Box business announced last year, while both small, are going to make a significant difference to monthly sales volumes that we can build upon, supported by our international distribution network. We are also seeing good progress in increasing the sales in the connector side of our aviation business as well as our Channel distribution business.”
With over 160 years of UK design and manufacture - and with origins in the first ever light installed in 'Electric Avenue', Brixton - LPA Group plc is an innovation-led engineering specialist in electronic and electro- mechanical components and systems, with three sites across the UK providing solutions to customers in the UK and overseas. Focused on transport (rail and aviation), defence, infrastructure and industrial markets and supplying into hostile and challenging environments, LPA is known for engineering solutions to improve product reliability, reducing maintenance and life cycle costs.
