Engineering Technology Group in Southam has purchased the sales, service and distribution business of Hardinge UK in phase one of a management buyout that aims to “revitalise a great British brand” – Bridgeport.
The group, which represents 10 machine tool brands in the UK, has purchased Hardinge UK’s sales and service business while Hardinge maintains a manufacturing facility in Leicester. Following the deal group sales are forecast to reach £25 million in 2013. The deal includes ownership of the sales and distribution license for Bridgeport, a machine tool…
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