Victory for global electrical engineering
A
Craig and Derricott product story
Edited by the Engineeringtalk editorial team
Mar 6, 2008
Midlands switchgear manufacturer Craig and Derricott has been acquired by The Victory Group, a well-established Indian engineering company that manufactures products for the power industry.
UK-based switchgear manufacturer Craig and Derricott, located in the Midlands, has been acquired by Indian company The Victory Group.
Craig and Derricott is a leading manufacturer of high-quality switchgear products for low voltage control and safety applications.
The Victory Group is partially owned by Reliance Capital, a company belonging to the Reliance ADA group.
The company exports around the world and manufacturers switchgear for a wide range of blue-chip customers including Tubelines, Alstom, BAE Systems, Metronet, Bombardier, Siemens and Rolls Royce.
The acquisition of the company, for an undisclosed sum, will see production continue to be based in the Midlands, securing more than 70 jobs.
Mahindra Vaddineni, Managing Director of The Victory Group says: "We could not be more delighted to welcome Craig and Derricott into The Victory Group".
"Craig and Derricott's specialist switchgear has an unrivalled reputation in key markets around the world and will support our own ambitious plans for expansion in countries such as India, Africa, China, the Middle East and America".
"Our expertise in manufacturing medium voltage switchgear will synergise with the products being manufactured by Craig and Derricott".
"We will support aggressive new product development pipelines for future growth, which will synergise with existing products, and cater to wider clientele".
"This is a very exciting time for everyone at the company and an opportunity for rapid growth over the next few years".
Hyderabad-based Victory Group is a well-established Indian engineering company that manufactures a range of products for the power industry.
Its expertise includes the manufacture of power, distribution and instrument transformers, vacuum circuit breakers, surge arresters and electro-porcelain products.
According to Gordon Barraclough, Managing Director at Craig and Derricott: "Since The Derricott family first started the business 64 years ago we have built a reputation for high quality specialist switchgear securing a market leading position across the globe".
"The success of the company has been thanks to the hard work, dedication and engineering excellence of our dedicated and loyal employees".
"I am proud to have been part of the Craig and Derricott story and I'm confident that its new owners are committed to continuing the traditions of quality and engineering excellence".
Andrew Dolman, Engineering Director will become the new Managing Director of Craig and Derricott.
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