epm becomes a strategically important part of the AS.G Group, and the Group will provide capital & a robust management infrastructure to support the anticipated growth of epm technology.
Graham Mulholland CEO & Founder of epm will continue to spearhead the development of epm.
He said “we have reached a point where epm requires the necessary funds and the executive ability to provide a world class service to our larger OE Aerospace & Automotive customers. This strategic acquisition will enable the business to now break the SME glass ceiling. This will also provide a boost for our ongoing commitments to staff development, R&D and process innovations which will continue to see epm pioneering and leading our industry and adding value to our customers”.
Amin Amiri, the founder and CEO of a2e Industries, which also co-founded and is the CEO of AS.G Group said “AS.G is building a dynamic engineering group of companies to service and develop opportunities in aerospace, defence & automotive markets. The acquisition of epm clearly demonstrates our appetite and ability to move and grow quickly. Part of this activated by having the vision to support fantastic innovative companies like epm technology group to grow and add value to its customers”.
Mr. Amiri is an investor with a fifteen-year track record of investing in or acquiring industrial companies and significantly enhancing their fortunes. Mr. Amiri’s portfolio of investments, which are all monitored by a2e, consists of a conglomerate of industrial companies with a combined turnover and EBITDA of circa £140m and £17m respectively.
Graham Mulholland continues “epm technology will also continue to grow its bespoke services and proudly maintain all of its Motorsport and F1 activities, the business is best known as a F1 supplier and again having the correct financial resources to support all these activities is critical. This is a great result for epm, all its customers and my team moving forward”. epm’s legal advisors in this transaction were Fraser Cunningham and Mark Willcock of Smith Partnership and lead Accountants were David Nelson of Smith Coopers all based in Derby.