Aerospace firm targets medical and defence with acquisition

AMF (L Action)
AMF (L Action)

An aerospace supplier has made its latest acquisition as it looks to target new opportunities in the defence and medical sectors.

Manchester-based Aero Services Global Group (AS.G), which manufactures and sub-assembles detail airframe structural equipment and aero engine components for more than 20 leading primes and tier 1 suppliers, has welcomed AMF Precision Engineering to its portfolio of companies.

The Wirral-based subcontract technology specialist joins six other manufacturing businesses in the group and provides additional clean room and long bed machining capabilities, not to mention direct access to customers in medical, defence and a host of research centres across Europe.

It comes just a few weeks after AS.G secured a £31 million funding package from Magnetar Capital and Close Brothers Invoice Finance to support ambitious three-year growth plans.

“AMF Precision Engineering is a market leader in its field and fits perfectly with our commitment to offer our global customers world class expertise, niche capabilities and outstanding customer service,” explained Simon Weston, who joined as AS.G Group managing director in 2017. “The long machining bed means we will be able to deliver specific work packages previously out of our reach in aerospace, not to mention giving us an immediate footprint in medical, life sciences and defence…three areas that could benefit from technology perfected in aerospace.”

He continued: “Whilst Covid-19 has created a number of unexpected challenges, we are still confident that our agility and single source expertise in tooling and manufacturing of critical components can deliver an increase in sales.

“The management team has been working hard over the last three years to strategically enhance our customer base and identify companies that will give us access to the best talent and technologies. Recent investment by Magnetar Capital and Close Brothers Invoice Finance gives us the funding boost we need to realise these plans.”

AS.G was founded in 2015 with the aim of developing a highly specialist group, which could help a global customer base to consolidate their supply chains through innovation, efficiencies and excellent value for money.
It started operations with the acquisition of Phoenix Ltd in December that year and now has seven subsidiary companies, including Queens Award-winning Arrowsmith Engineering, B&H Precision Tooling, Datum, Ludolph, TGM and AMF Precision Engineering.

The group, which employs nearly 380 people, is split into two core divisions focusing on aerospace and tooling, providing a wide range of products from simple brushes, complex mill turned components and small, medium and large 5-axis milled parts to tooling, transportation media and fixtures for existing and next generation aircraft fuselages and wings.

These parts are delivered all over the world to customers, including Aeronova, Airbus, GKN, ITP, Meggitt, Rolls-Royce and Spirit Aero Systems.

AS.G intends to enhance its international footprint by adding to its existing operations in the EU and by formalising a joint venture agreement in India over the next six months.

Aero Service Global Group www.aeroservicesglobal.com

Company

ASG Group

Related Articles

Flying high for engineering

The Farnborough International Airshow (FIA) is a showcase to display some of the UK’s most advanced manufacturing. Ed Hill hears how the organisers are helping the industry to generate new business.
7 years ago Features

Farnborough closes on a real high

At the close of the Farnborough International Airshow five day trade exhibition organisers confirmed that the show had recorded orders and options to the value of US$123.9 billion defying industry expectations.
7 years ago News

Making the grade in aerospace

To ensure that the most efficient, cost-effective cutting tools are designed and made available to the global aerospace manufacturing industry, Iscar’s aerospace industry manager remains in constant communication with all of the major sub- sectors involved.
7 years ago Products
Most recent Articles

Renishaw highlights career pathways in engineering

There is not one singular blueprint that can lead to a career in the engineering industry. It offers a variety of roles, open to people from diverse backgrounds. To highlight the diversity of skills and experiences in engineering, global engineering technologies company, Renishaw, has created the ‘Employee perspectives’ series.
12 hours ago News

Login / Sign up