in Aerospace

Nasmyth business structure change

Posted 30 May 2018 · Add Comment

Bulwell Precision Engineers Ltd, a subsidiary of the Nasmyth Group Limited, has announced that it will be transferring their share of ownership of Metal Process Services Ltd (MPS Ltd) to its fellow shareholders.

Nasmyth Group, a global precision engineering and metal treatments business, acquired Bulwell Precision in 2003. The acquisition of Bulwell's shares in MPS, by MPS, will allow that company further investment to grow in the short and long term creating new business opportunities.

Bulwell Precision Engineers will remain under the 100% ownership of Nasmyth Group Ltd and there will be no change in the management of this business.

A strong partnership has been developed over many years with MPS providing metal processing for the precision machined products manufactured by Bulwell and other Nasmyth Group companies and Bulwell providing machining services for MPS for their use and onward processing.

Peter Smith, Chairman and CEO commented: "We have developed a strong partnership with MPS and I am sure we will continue to do so with new trading arrangements being put in place that will allow further business opportunities for both companies. We wish MPS every success."

* required field

Post a comment

Other Stories
Latest News

G&P opens dedicated aerospace facility at Derby’s iHub

Quality management service providers G&P have further expanded their presence in the aerospace sector with their official office opening at Derby’s state-of-the-art iHub building located on Infinity Park.

GKN Aerospace obtains STC for ADS-B Out modification for Boeing Next-Gen 737

EASA has recently granted the Supplemental Type Certificate (STC) to GKN Fokker Services for its ADS-B Out modification for Boeing Next-Generation 737 aircraft.

Babcock secures MoD MARTASS contract

Babcock International has secured a five year Maritime Training Systems Through-Life Availability & Support Service (MARTASS) contract with the Ministry of Defence (MoD).

Inmarsat and Auxilium to deliver satellite IIoT mining solutions

Inmarsat and Auxilium Systems, an Australian mining technology solutions company, have established a formal partnership to deliver the most effective Industrial Internet of Things (IIoT) and communications solutions for

Qatar contract for 28 NH90s becomes effective

Leonardo has announced that it has made effective the contract signed on 14 March 14 2018, for the supply of 28 NH90 medium twin-engine multirole military helicopters to the Ministry of Defence of Qatar and has therefore booked the order

Birmingham named most family friendly airport

Birmingham Airport has been named the most family friendly airport in the UK and Ireland.

ODU SK191217191218
See us at
DVD18BT3105200918Aviation Africa 2019SMI GMSCBT3005081118AdvancedEngin BT1406011118SMIFAVSBT151118