Nene Capital, an investor in UK small and medium-sized enterprises (SMEs), has acquired MTS (Motor Technical Services Ltd), a Wellingborough engineering company.
Stephen Bayliss, Managing Director of Nene Capital, said: “With its strong track record of delivering high-quality products and services to its customers, MTS is a clear fit with our investment strategy.
“It has a unique value proposition and a compelling vision, we look forward to supporting the talented management team to deliver their growth plans over the long term.
“This acquisition is a testament to our unwavering commitment to identifying investment opportunities in the SME space with long term growth potential, and creating value on a risk adjusted basis.”
MTS, which specialises in the sale, servicing, repair and reconditioning of electric motors, generators, fans and pumps, will now benefit from Nene Capital’s resources and strategic guidance.
This synergy is expected to further elevate MTS’s position in the engineering sector and enable the company to explore new avenues for growth and development.
Simon Stringer, finance director of Nene Capital, said: ”MTS has performed consistently for a number of years through putting customers first – delivering a solution-based quality product to a loyal client base.
“These fundamentals, combined with the massive opportunities in this market, now and in the future, make it another excellent SME acquisition for Nene Capital.”
“We are thrilled about the opportunities that this acquisition will bring to MTS and its stakeholders,” said Tony Libertucci, Managing Director of MTS. “Nene Capital’s commitment to supporting the growth of UK SMEs aligns perfectly with our vision for expanding our reach and capabilities.”
