Racking acquisition provides access to new markets
Mechan have bought Staffordshire-based Nirvana Engineering, a company that manufactures racking for the reserve battery power industry.
Mechan Controls has expanded its range and geographic reach with the GBP1 million acquisition of a Midlands-based business, supported by NatWest.
Mechan have bought Staffordshire-based Nirvana Engineering, a company that manufactures racking for the reserve battery power industry.
The acquisition is part of Mechan's strategy to grow its business by diversifying into new sectors and geographic areas within the safety/high-tech arena.
The deal boosts Mechan's turnover from just under GBP1 million to nearly GBP3 million and provides the company with the opportunity to expand its presence in the safety/security products market.
Mechan was established in 1973 to design and manufacture electronic safety switches that can survive in the harshest industrial environments.
The switches are designed to safeguard workers from injury by stopping a machine from operating and are activated either automatically or by human intervention.
Mechan's products are used by clients worldwide including Honeywell Inc, Mars, Nestle and Heinz.
Nirvana Engineering manufactures racking for the reserve battery power industry and its products range from standard racking to bespoke products designed to be used offshore or in harsh environments.
Established in 1981, Nirvana's products are typically used on sites that require battery power back up such as oil rigs, power stations and hospitals.
Wilf Boardman, Managing Director of Mechan Controls, said "Our strategy is to grow the business organically and also by acquiring well-established companies operating in complementary markets".
"Nirvana Engineering fits this criteria and the acquisition gives us the scope to move into a different area of the safety/security market both in terms of the product and the geographic areas covered".
Paul Thomas and Paul Thompson from NatWest provided Mechan with the funding to complete the acquisition.
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