HMT advised Ashby Precision Engineering Drayton Limited on its acquisition of the trade and assets of PDQ Engineering.
Ashby is a well established precision engineering business, producing high quality products for a predominantly blue chip customer base. It is run by Robin Ashby, who has been instrumental for driving the growth of the business.
PDQ is a locally based competitor to Ashby, providing similar products and services although not assembly of products. It has been established for many years and has a solid reputation.
The principal rationale for the acquisition is to take advantage of cost efficiencies (though efficiencies in the well equipped Ashby facility) and sales synergies, notably into the motorsport sector, where PDQ has already generated sales to the Williams BMW Formula 1 team.
“This acquisition consolidates Ashby’s position in the market. We are extremely impressed with Robin’s knowledge of the industry, and we believe that Ashby is superbly poised to continue its success.”